1-27 Bridge Street, Walsall, WS1 1DP
Business rates & charges may apply
- SIZE
Ask agent
- SECTOR
Commercial property for sale
Key features
- Prominent, unbroken retail parade on a prime pedestrianised retail pitch in Walsall Town Centre
- 11 retail shops with upper floor ground rents
- Over 22,000 sq. ft. of retail space
- Producing £168,125 per annum
- Offers based on £1,495,000 (representing a NIY of 10.60% after costs)
Description
Offers based on £1,495,000 are sought for the freehold interest, subject to existing tenancies, a purchase at this level would represent a Net Initial Yield of 10.60% (after costs).
Town Centre Retail Investment Opportunity
An unbroken parade of 11 retail units, totaling over 22,000 sq. ft. The parade occupies a prominent position within the popular town centre which is the subject of considerable inward Investment and regeneration and comprises a variety of tenants.
Location
Walsall is the administrative centre of the Metropolitan Borough of Walsall and is situated in the West Midlands. The town is located 10 miles (16km) north-west of Birmingham, 7 miles (11km) east of Wolverhampton and 37 miles (60 km) north-east of Worcester.
The town is very well placed in relation to the motorway network, located at the junction of the M5 & M6 motorway, which connects the M1 motorway towards London and M74 motorway towards Glasgow. Walsall Railway Station is situated on Station Street in the town centre, approximately 0.2 miles from the subject property. The station provides a regular service to Birmingham New Street (4 trains per hour), with an average journey time of 23 minutes, with onward connections to London Euston. Birmingham International Airport is situated at junction 6 of the M42, located within a 30-minute drive.
Tenure
Freehold. Subject to existing tenancies.
Tenancy
Please see brochure for the full tenancy schedule.
VAT
The property is elected for VAT, but it is envisaged that the transaction will be dealt with by way of a TOGC.
EPC
Available upon request.
Anti Money Laundering
In accordance with Anti-Money Laundering Regulations, two forms of identity and confirmation of the source of funding will be required from the successful Purchaser.
Disclaimer
A director of Bond Wolfe has a vested interest in this property.
Brochures
1-27 Bridge Street, Walsall, WS1 1DP
NEAREST STATIONS
Distances are straight line measurements from the centre of the postcode- Walsall Station0.2 miles
- Bescot Stadium Station1.7 miles
- Tame Bridge Parkway Station2.3 miles
About Bond Wolfe, Commercial Sales
1st Floor 75-77 Colmore Row Birmingham B3 2AP
Bond Wolfe is a multi-disciplined property business specialising in property Auctions and property Agency with our head office based in Birmingham. Many of our highly experienced and dedicated team have been with the business for over 30 years.
We are truly proud of our Midlands roots and honoured to have represented the region since 1983. We also act for many clients across the UK and overseas too. Bond Wolfe has a great track record of selling, letting and managing property up and dow
Notes
Disclaimer - Property reference 141239. The information displayed about this property comprises a property advertisement. Rightmove.co.uk makes no warranty as to the accuracy or completeness of the advertisement or any linked or associated information, and Rightmove has no control over the content. This property advertisement does not constitute property particulars. The information is provided and maintained by Bond Wolfe, Commercial Sales. Please contact the selling agent or developer directly to obtain any information which may be available under the terms of The Energy Performance of Buildings (Certificates and Inspections) (England and Wales) Regulations 2007 or the Home Report if in relation to a residential property in Scotland.
Map data ©OpenStreetMap contributors.