Unit 1, Bridge House, 47-55 Bridge Street, Walsall, WS1 1JQ

Description

The property comprises a substantial ground floor modern sports bar, club and restaurant extending to 7,300 sq.ft. ( 678.43 sq.m) or thereabouts. The trading area is fully fitted to incorporate a large curve fronted bar servery on one side and a games area on the opposite side. Seating is a mixture of stools and seating within private bays, with a capacity for 600 persons. There are ladies, gents and disabled WC’s, a fully functioning catering kitchen, managers office, bottle store and cellar. The property was previously let at a passing rent of £80,000 per annum and benefits from rear access via Intown which leads of the main Lichfield Road. It has been continuously operated as a bar and restaurant for the last 20 years and is recognised as the leading venue of its type in Walsall.

Location

The property is situated on Bridge Street in the heart of Walsall Town Centre on one of the principal approach roads into the town, whilst also being located within the main leisure circuit in Walsall. Walsall is situated adjacent to the M6 motorway ( junctions 9 & 10) lying between Wolverhampton to the west, Sutton Coldfield to the east, Cannock to the north and west Bromwich to the south.

External

The property benefits from having two allocated parking spaces and a right of way to the rear.

Tenure

Long Leasehold for a term of 999 years, subject to a peppercorn ground rent. Vacant possession upon completion.

Price

Guide Price - £245,000

Service Charge

A variable service charge is payable towards the maintenance of common areas.

VAT

Not applicable.

Legal Costs

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

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.

Disclaimer

A director of Bond Wolfe has a vested interest in this property.