87 Bradford Street, Walsall, West Midlands, WS1 1NU

Freehold Town Centre Retail Investment / Owner Occupier Opportunity

Property details

Type Investment
Price £190,000
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  • Prominent Town Centre location
  • 1,713 sq. ft. (159.20 sq. m)
  • Estimated rental value ( ERV) of £20,300 per annum
  • Currently occupied by short term tenant providing immediate income
  • Offers based on £190,000 for the Freehold interest

The property currently trades as a clothes store on a short term basis, and comprises a two story mid parade two story property extending to 1,713 sq. ft. (159.20 sq. m)

The Property occupies a prominent location in Walsall Town Centre on Bradford Street. The subject property is situated on the pedestrianised Bradford Street, close to the Saddlers Shopping Centre and the Crown Wharf Retail Park. The principle Town Centre car parks serving Walsall are located within the Saddler’s Shopping Centre (480 spaces) and Crown Wharf (650 spaces). Walsall is located approximately 10 miles north of Birmingham city centre and 8 miles east of Wolverhampton. The town benefits from excellent road communications located within 4 miles of the intersection of the M5/M6 motorways. Junction 9 and 10 of the M6 motorway lies within 2 miles of the western periphery of the town, thereby providing easy access to the remainder of the national motorway network.
Ground Floor - Retail shop with Ancillary areas to the rear
First Floor - Staff WC's, and storage
The property is currently let on a short term lease. The estimated rental value is £20,300 per annum.
Offers based on £190,000 plus VAT are sought for the Freehold interest.
Business Rates
Rateable value - £15,000.
Service Charge
There is a variable service charge recharged to the occupational tenant, to cover the provision of communal services and maintenance. A copy of the latest service charge budget is available upon request.
We are advised that VAT is payable, although it is anticipated that the transaction will be dealt with by way of a TOGC.
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.