5-19 Warstones Dr 12,008 SF 89% Leased Retail Building Wolverhampton WV4 4PP $559,209 CAD ($46.57 CAD/SF) 7.89% Cap Rate

15/15A Warstones Drive presents an opportunity to acquire a freehold mixed-use investment comprising a ground floor retail premises and a self-contained two-bedroom apartment in an established suburban commercial location. Positioned within a neighbourhood shopping parade, the property benefits from surrounding daily-needs retail and service operators including Co-op Food, Greggs, Select & Save, and Cats Protection, supporting consistent local footfall and tenant demand.
The retail accommodation is occupied by Wolton Foods Ltd trading as Wingers under a 10-year lease commencing in June 2022. The lease provides an initial annual rent of £14,000 with an increase to £16,000 per annum in year six. The residential element is separately let on an Assured Shorthold Tenancy generating £9,600 per annum. Together, the property offers diversified income from both commercial and residential occupiers.
Warstones Drive is located a short distance from Wolverhampton City Centre, providing convenient access to the city's retail, employment, and transport amenities while serving an established residential catchment. The combination of an active neighbourhood retail position, established tenancy arrangements, and dual-income structure creates an investment opportunity suited to purchasers seeking income-producing assets within the West Midlands market.