Property photos
Freehold
Non quoting
Property for sale
Niphon Works, 43-68 Lower Villiers Street, Wolverhampton WV215,682 sq. ft
Local area information
Property location
Nearby amenities
- Graiseley Primary School 0.2 miles
- St Luke's Church of England Aided Primary School 0.2 miles
- Wolverhampton 1 mile
- Coseley 2.7 miles
These distances are calculated in a straight line. The actual route and distance may vary.
Read our area guide for Wolverhampton to find out more about the local area.
Features and description
- Freehold
Key Points
Sale on behalf of the Administrators of United Developments Homes Limited & Niphon Limited Iconic Niphon Works residential development scheme in Wolverhampton Scheme fronts Lower Villiers Street, less than a mile from Wolverhampton City Centre Full planning consent for 49 apartments - 17 have been constructed with 32 further dwellings due to be built 13 units have been let and produce £96,480 per annum Extensive asset management and value-add opportunities for funds, jv partnerships and developers seeking a high return on investment Price on Application
Description
The iconic Niphon Works building is situated in Lower Villiers Street and was originally built in 1885.
The front of the building comprises of 17 converted residential dwellings which currently generate an income of circa £96,480 per annum.
The apartments are situated over the available floors, with shared entrances and separate boilers for each apartment.
The total site area (taken from Edozo) extends to approximately 0.36 acres (0.146 hectares).
Location
Niphon Works is located in the City of Wolverhampton and within close distance of local transport and amenities.
Fronting Lower Villiers Street which links to the inner ring road, circling Wolverhampton City Centre, via the A459. This provides access to the A4150 Ring Road St John's, which links to all main arterial routes in and out of the City Centre, including the M54 and M6 Motorways.
Planning
A planning application (City of Wolverhampton Council, Planning Ref: 17/00493/ful) was submitted in 2017 for the "Conversion of former factory to form 49 residential units (including part demolition and reconstruction)".
The application was granted and works had begun shortly thereafter in which 17 apartments were converted. 13 of the flats are currently confirmed as let and producing an annual income of circa £96,480.
Interested parties are advised to make their own enquiries with the local planning authority in respect of their own proposed use of the property.
Description
The iconic Niphon Works building is situated in Lower Villiers Street and was originally built in 1885.
The front of the building comprises of 17 converted residential dwellings which currently generate an income of circa £96,480 per annum.
The apartments are situated over the available floors, with shared entrances and separate boilers for each apartment.
The total site area (taken from Edozo) extends to approximately 0.36 acres (0.146 hectares).
Location
Niphon Works is located in the City of Wolverhampton and within close distance of local transport and amenities.
Fronting Lower Villiers Street which links to the inner ring road, circling Wolverhampton City Centre, via the A459. This provides access to the A4150 Ring Road St John's, which links to all main arterial routes in and out of the City Centre, including the M54 and M6 Motorways.
Planning
A planning application (City of Wolverhampton Council, Planning Ref: 17/00493/ful) was submitted in 2017 for the "Conversion of former factory to form 49 residential units (including part demolition and reconstruction)".
The application was granted and works had begun shortly thereafter in which 17 apartments were converted. 13 of the flats are currently confirmed as let and producing an annual income of circa £96,480.
Interested parties are advised to make their own enquiries with the local planning authority in respect of their own proposed use of the property.
More information
Listed by
Sanderson Weatherall
View agent properties.png){kind=logo}
Property descriptions and related information displayed on this page are marketing materials provided by - Sanderson Weatherall. Zoopla does not warrant or accept any responsibility for the accuracy or completeness of the property descriptions or related information provided here and they do not constitute property particulars. Please contact Sanderson Weatherall for full details and further information.