The Imperial, Darwall Street, Walsall, WS1 1DA

Freehold Leisure / Development Opportunity For Sale

Property details

Type Land/Development
Tenure Freehold
Price £595,000
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  • Substantial grade II listed property measuring 13,420 sq ft
  • Prominent town centre location
  • Would suit owner occupiers, investors and developers
  • Change of use, refurbishment and redevelopment potential (subject to consents)
  • Freehold - £595,000
Walsall is located approximately 8 miles north east of central Birmingham, and benefits from excellent road connections via the M5 and M6 motorways. The property is located in a prominent corner position on the east side of Darwall Street, close to its junction with Leicester Street and St Paul's Street, and the town's main shopping area behind. The main bus and railway station, town hall and civic centre are all close by, along with many pubs, restaurants and bars.

Imperial House is a grade II listed former cinema and public house, comprising of accommodation arranged over ground, basement, mezzanine and two upper floors. The property lends itself to multi-level trading and is open plan, benefiting from a rear beer garden. There is an access road to the south used for deliveries, with parking for about 5 cars to the rear.

Basement Cellar
Ground Floor: 7,092 sq ft // 658.92m2
First Floor Rear Mezzanine: 1,238 sq ft // 115.05m2
First Floor Front Mezzanine: 678 sq ft // 62.99m2
First Floor Stepped Balcony: 2,648 sq ft // 246.09m2
Second floor: 1,762 sq ft // 163.76m2
Total: 13,420 sq ft // 1246.81m2
Freehold - £595,000
For more information please contact Walsall Council:
T: 01922 650000
E: [email protected]
We are advised that no VAT will be applicable on the purchase price.
Business Rates
We have been advised that the current rating assessment is rateable value: £70,000 per annum. Current owner pays £35,840 per annum although nothing is payable if the unit is vacant. We recommend that interested parties should make their own enquiries with the local authority as to the payable amount in their particular case.
We understand that all main services are connected to the property but have not been tested by Bond Wolfe.
Band E.
Legal Costs
Each party are to responsible for their own legal costs that may b incurred in this transaction.
Anti Money Laundering
In accordance with money laundering regulations, two forms of identity and confirmation of the source of funding will be required from the successful tenant.