|Property Type||Retail, Investment|
|Size||11,260 sq ft|
|Energy Performance Rating||Upon enquiry|
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.
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.
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)
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.
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
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.
Strictly by appointment through the sole agent.