Workshop of the World” was the title given to this city in the 19th century, when local mining industries produced iron and steel, which was turned into products like locks and hardware fittings of every kind. Today a skilled workforce with many traditional engineering skills are still engaged in engineering, with the accent on high tech aerospace requirements rather than the home.
Wolverhampton Industrial Property
Wolverhampton’s manufacturing legacy, from it's halcyon days as the Workshop of the World, is space for regeneration. Modern logistics and manufacturing parks are being built locally to exploit the skilled workforce. Typical of these are the 220 acre Wobaston Road i54 site which has Enterprise Zone status, and Hilton Cross north Wolverhampton. Hilton Cross is situated adjacent to Junction 1 of the M54 motorway and is designated for B1 and B2 usage and can accommodate office, production and R&D units, the 38 acre site is 85% developed. The i54 226 acre site is at Junction 2 of the M54. Jaguar Land Rover for a £355 million engine plant, Moog and Eurofins are on the site. Around 30 acres remain. In addition to i54 the Black Country Enterprise Zone, covers Wolverhampton Business Park, the Gateway office and hotel scheme, and Lupus Park which are all in that area.
Wolverhampton Retail Property
Retail development in Wolverhampton was focussed on a £300 million proposal called Summer Row, which was finally abandoned in 2011. The Council owns a considerable acreage in the central area and is looking to bring some plans forward, using land in their ownership. Three new foodstore developments for Tesco, Sainsbury's and an unamed operator are in train and the new bus station mixed use development, which was opened in 2011, is expected to extend to include the railway station.
Wolverhampton Leisure and Hospitality Property
The 2011 Bert Williams Leisure Centre and the South Wolverhampton and Bilston Academy comprise the first two phases of a large mixed use scheme known as Bilston Urban Village but around 90 acres of land remains available.
You may want to consider some of the following points as you carry out your search for commercial property in Wolverhampton. Along with the monthly rental payments or mortgage repayments you need to ensure that the business can afford the associated over heads with a certain commercial properties, such as business rates and utility costs. In most cases these few points would be worth considering, but there are usually plenty of other valid points that should also be considered on a case-by-case basis before you actually make an offer on a commercial property.