Randall Lines House
- Type: Development Site,Investment,Residential,Other
- Size: 58,548 sq.ft
- Status: For Sale
- Location: Randall Lines House, North Street, Wolverhampton WV1 1RNView map
- Existing Building Extending Over Six Floors Currently Comprising 290 Bedrooms Plus an area that has historically been used as a Nursery
- 58,548ft2 (5,439m2) On Site Extending To 1.626 acres (0.65 ha)
- City Centre Location in Heart Of The University’s Molineux City Campus
- Suitable For A Variety Of Uses STP
Full Property Description
The property located on Molineux Street close to its junction with Camp Street. It is one of a number of prominent buildings belonging to the University. Neighbouring uses include student accommodation, an Asda Supermarket and “The Molineux” home to Wolverhampton Wanderers Football Club.
Wolverhampton City Centre is located approximately 17 miles to the north west of Birmingham City Centre.
The City Centre is well served by public transport and benefits from a mainline railway station, bus terminal and a tram service connecting the City with Birmingham and several other large centres along its route.
Access to the motorway network can be gained at junction 2 of the M54 motorway which is approximately 4 miles to the north and junction 10 of the M6 motorway which is approximately 7 miles to the east.
Wolverhampton is a sub-regional centre of the West Midlands with a population of 249,740 (2011 Census). It was awarded City status in 2000.
The University of Wolverhampton has its main Campus in the City Centre. This is broadly divided into two sites, City Campus North and South. The Randall Lines Building forms part of City Campus North also referred to as Molineux.
The property comprises a substantial detached building extending over six floors. It is of modern design comprising three interconnected rectangular buildings. The site is quite steeply slopped rising from Molineux Street to the rear.
There is lift access to all floors combined with staircase cores. The ground floor was previously partially used as a children’s nursery. The remaining ground floor and the rest of the building provide bedroom accommodation with shared facilities, 290 bedrooms in total.
We are advised that the building was constructed in the 1960’s.
The site lies within the jurisdiction of the City of Wolverhampton Council. The site was developed as student accommodation for the University but would be suitable for alternative uses or redevelopment subject to planning permission.
We understand that all mains services are available to the property. Interested parties to carry out their own enquiries.
Offers invited in the region of £3,000,000 excluding VAT.
The freehold interest is for sale with vacant possession. Restrictive covenants as to use will be included in the Transfer of the property to ensure that any proposed use is compatible with the property’s Campus Location.
Each party will bear their own legal costs in this transaction.
Viewings by appointment only. All enquiries to First City ‘The Property Consultancy’ on 01902 710999 quoting reference 5132. Ask for Christopher Bywater firstname.lastname@example.org