Tudor House Bridge Street, Walsall, WS1 1EW

Description

The property comprises a parade of four ground floor retail shops fronting Bridge Street. There are 3 upper floors of residential which have been sold off historically. The retail accommodation extends to 5,556 sq. ft. ( 516.35 sq m) across the four shops.

Location

Tudor House is situated in a prominent town centre location on the southern side of Bridge Street, between The Bridge and within 80 metres of Park Street, the prime retail pitch in Walsall. Walsall is situated approximately 10 miles to the north of Birmingham City Centre, 6 miles east of Wolverhampton, 5 miles north of West Bromwich and 6 miles west of Sutton Coldfield. The town benefits from excellent communications being some 2 miles from both junctions 9 and 10 of the M6 Motorway. The M6 links to the National Motorway Network with the M54, the M42 and the M6 Toll Road, all within a few junctions.

Accommodation

Please kindly see enclosed brochure.

Tenure

Long Leasehold. Held for a term of 212 years from 31st July 1925 at a Peppercorn ground rent, subject to the existing tenancies (approximately 111 years unexpired).

Tenancy

Please see brochure.

Price

Offers in excess of £590,000, equating to a net initial yield of 10.04% and a reversionary yield of 12.81%.

VAT

We are advised that VAT is not applicable.

EPC

Available upon request.

Legal Costs

Each party are to be responsible for their own legal costs that may be incurred in this transaction.

Anti Money Laundering

Under HMRC and RICS regulations in addition to the Criminal Finances Act 2017, as property agents facilitating transactions, we are obliged to undertake anti money laundering due diligence for both the vendors (our client) and the purchasers involved in a transaction. As such, personal and or detailed financial and corporate information will be
required before an offer can be accepted and a transaction can commence.