16-17 Bradford Street, West Midlands , Walsall, WS1 1PB

  • Retail, Investment
  • 11,260 sq ft
16-17 Bradford Street, Walsall, Retail, Investment - 16-17 Bradford Street Photo.jpg
16-17 Bradford Street, Walsall, Retail, Investment - Image from Google Street View - 323
Property Type Retail, Investment
Availability
Size 11,260 sq ft
Energy Performance Rating Upon enquiry

Large Freehold Investment Property with Opportunity for Future Development

Key Features

  • Multiple First Class Covenant
  • Renewed 10 Year Lease for a Further 10 Years
  • Town Centre Investment

Location

Walsall, with a population of 175,000 is a busy West Midlands town located some 8 miles north-west of Birmingham. The town benefits from good access to the national motorway network, lying adjacent to the M6 motorway (Junctions 8, 9 and 10).
The property is situated on Bradford Street opposite the War Memorial, close to its junction with The Bridge. Occupiers close by include Barnado’s (adjacent), Dollond and Aitchison, Ryman, Coral, Walmsleys Furniture, Shoe Zone and First Choice.

Description

This substantial shop is arranged on ground and two upper floors to provide a large ground floor shop with a further sales area on the first floor together with storage. The second floor also provides additional storage accommodation. The property benefits from a yard at the rear.

Accommodation

The property provides the following accommodation and dimensions:

                                   

Gross Frontage                                     13.9 m               (45’7”)

                                    Net Frontage                                         12.7 m               (41’8”)

                                                Shop Depth                                           28.0 m                    (91’10”)

                                                Built Depth                                            48.6 m                    (159’5”)

 

                                                                Ground Floor                                        506m²               (5,447ft²)

                                                First Floor Sales                                    243m²               (2,616ft²)

                                                                First Floor Storage                               189m²               (2,034ft²)

                                                Second Floor                                        108m²               (1,163ft²)

                                                Total       `                                               1,046m²            (11,260ft²)

Tenancy

The entire property is at present let to BRITISH HEART FOUNDATION for a term of 10 years from 5th September 2018 at a current rent of £55,000 per annum, exclusive of rates. The lease provides for rent reviews every fifth year of the term and contains full repairing and insuring covenants.

 

Notes:

The lease contains a tenant’s option to break in year 5 on not less than 6 months’ notice. If the tenant doesn’t break, 2 months’ rent free will be agreed to the tenant with effect from the break date.

 2)    Tenant Information: - No. of Branches: 460. Website Address: www.bhf.org.uk

Legal Costs

Each party to bear their own legal costs incurred in this transaction, subject to the prospective purchaser solicitors undertaking to pay the Landlord's abortive costs if the prospective purchaser withdraws from the transaction.

Viewings

Strictly by appointment through the sole agent.