Description
We are delighted to present an exceptional off-market property opportunity located in Chapel Ash, Wolverhampton. This unique site, offering a combination of residential and commercial developments, is available for sale with a guide asking price of £3.5 million for residential use only or £5 million for the whole site, including commercial space, a specialist apprentice school and an eating disorders clinic. Site Details: Address: Former Eye Hospital, 16 Compton Road, Wolverhampton, WV6 9AP Google Map Area: 6,960 m² (1.72 acres) (marked in red on the attached site plan) Historic Building: Former Eye Hospital Tower dating from 1888 - Locally Registered Location and Features: Location: Situated in Chapel Ash, Wolverhampton, this triangular site is located between two main roads leading into the city centre. It was previously occupied by the ‘Wolverhampton and Midlands Eye Hospital’. Close to key public spaces, parks, GP surgeries and high street retail. Site Features: The wider 2.72 acre site has full planning consent for an Eating Disorders Unit (EDC), a Special Educational Needs (SEN) school and 95 luxury apartments. Planning consent has been implemented and demolition has been completed. Note that the remainder of the site is currently being developed by the owner for care and education facilities. Market Assessment: The recently approved 95 luxury apartments have undergone a full market assessment by local estate agents Morgan Payne & Knightly, revealing an impressive valuation of over £20 million GDV (Gross Development Value). The property offers an attractive monthly rental yield in excess of £108,000. Comprising 54 one-bedroom and 41 two-bedroom apartments, the development caters for a range of housing needs. In addition, the ground floor comprises a 200m² commercial space, generating approximately £100,000 per annum. This strategic combination of residential and commercial elements positions the property as a robust investment opportunity in the real estate market. Exclusive Opportunity: This property is being offered as an off-market deal, with offers in excess of £3.5 million. To access all the relevant information and documents relating to this site, we have compiled a comprehensive dossier on OneDrive for your convenience. You can view it here: FEI - 95 Luxury Apartments In this link you will find the following documents: Plans CGI Images Market Valuation Planning Approval Documents The required buyer's premium is a minimum of 1%. We look forward to hearing from you. Disclaimer - Strictly Private and Confidential
