Offers over £8,650,000 Apex @ i54 Business Park Wolverhampton New Freehold Investment Share Save Key features Modern industrial investment let for an unbroken term of 12 years Situated in a prime West Midlands location at Junction 2 of the M45 Motorway Located inn a prominent location on the i54 Business Park Constructed in 2021, the property extends to 67,884 sq ft (6,306 sq m) Low passing rent of £475,188 per annum, reflecting only £7.00 per sq ft The next rent review is in May 2027. Based on CPI figures and projections, rent increase to circa £8.50 per sq ft Prime grade A manufacturing unit let to secure tenant covenant within 250m of the national motorway network. About this property Apex @ i54 reached practical completion in the summer of 2021. The property comprises a modern high specification industrial manufacturing facility, with excellent ESG credentials. The asset extends to 67,884 sq ft (6,306 sq m) on a site of 3.4 acre. (1.40 hectares) equating to a low site coverage of 43% Local information The property is prominently located on Innovation Drive at the entrance to i54, highly visible from the M54 Motorway and situated directly adjacent to the JLR Engine Plant. Road connectivity is unparalleled due to the direct access to Junction 2 of the M54 Motorway which is situated within a 2 minute drive to the east of the property. The M54 in turn connects with the M6 Motorway southbound (Junction 10A), approximately 6 minutes drive to the east of the property. The M6 northbound connection at Junction 11 is approximately 8 minutes drive north east from the property via the A460, which also gives access to the M6 Toll. The A449 trunk road passes close to the i54 Business Park’s eastern boundary and provides access to Stafford in the north and Wolverhampton city centre to the south. Additional information Savills is instructed to seek offers in excess of £8,650,000 (Eight Million Six Hundred and Fifty Thousand Pounds) for the freehold interest, subject to contract and exclusive of VAT. A purchase at this level reflects Net Initial Yield of 5.15%, a potential running yield of 6.27% in May 2027, and a low capital value of £127 per sq ft, allowing for standard purchaser’s costs of 6.68%. Energy performance The property has an EPC rating of A (22). Contact an agent Richard Lingen Birmingham +441216348492 Contact now Nick Wood Birmingham +441212004574 Contact now Request details Download PDF brochure