Tudor House, Bridge Street, Walsall, WS1 1EW
Town centre investment opportunity in Walsall
A Prime Town Centre Fully Let Retail Investment Opportunity, anchored by Ladbroke Betting & Gaming Ltd Current Rental Income: £80,000 pa.
Property DescriptionTudor House comprises a 4 storey, mock Tudor building with a terrace of four ground floor retail units and 3 floors of residential accommodation above. (The residential parts have been sold off on a long lease). The retail units comprise a total of 5,556 sq. ft. ( 516.37 sq. m) across four self-contained shops and are all tenanted. Tenants include Ladbroke Betting & Gaming Ltd, who have recently extended their lease.
LocationThe property 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. Adjacent is the major town centre redevelopment site at the Old Square Shopping Centre, which is planned to incorporate a Co-Op Supermarket and Primark. Walsall is one of the largest Centres within the West Midlands conurbation. It 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.
Birmingham International Airport and the National Exhibition Centre are both approximately 16 miles to the south east, accessed via the M6. Intercity Rail Services are available from both Wolverhampton and Birmingham with regular services to London Euston and the North.
Walsall has a resident population of 170,994 (2001 Census) and a catchment population of 812,889 within a 6-mile radius of the town centre.
Walsall has a strong retail offer which is centred upon the pedestrianised Park Street which links the Crown Wharf Shopping Park to the north, the Saddlers Shopping Centre in the centre of Park Street and Old Square Shopping Centre to the south The Saddlers Centre is anchored by Marks & Spencer who also have a frontage to Park Street.
Crown Wharf is a large unit retail scheme anchored by Asda Living, with retailers including Next, TK Maxx, Top Shop/Top Man and J D Sports.
Energy Performance RatingSee legal pack.
TenureLong Leasehold. Held for a term commencing on the 7th April 2003 until 26th July 2137 at a rental of a peppercorn if demanded, subject to the existing tenancies.
Auctioneer's NoteMembers of Bond Wolfe have a vested interest in the property.
Please note offers may be considered prior to the Auction Sale.
ViewingsExternal viewings only.
|Column 1||Column 2||Column 3||Column 4||Column 5||Column 6||Column 7|
|Demise||Area||Occupier||Term||Lease||Rent PA||Break Clause|
|6 Bridge Street
Total Area- 1479sft (137.4sqm)
|Pot Luck Gaming Centre Limited||3 Years||16/09/2020-15/09/2023||£15,000||None|
|8b Bridge Street
Total Area 1623sqft (150.8sqm)
|Mohammed Ajaib t/a Beauty Queen Cosmetics||5 Years||30/06/2017-29/06/2022||£25,500||None|
|10/12 Bridge Street
Total Area 1698sqft (157.7sqm)
|Ladbrokes Betting & Gaming Ltd 1(1)||15 Years||30/08/2013-29/08/2028||£20,500||30/08/2026|
|14/16 Bridge Street
Total Area- 756sqft (70.2sqm)
|Bad Apple Hair Salons UK Limited||10 Years||14/12/2018-13/12/2028||£19,000||23/05/2024|
8 Bridge Street (1st & 2nd Floors)
|Tudor house (Walsall) Ltd||212 Years (Less 10 Days)||31/07/2005-21/07/2217||None|
Bond Wolfe or their Agents for the seller of these Lots give notification that any particulars contained within the catalogue/website are prepared to the best of their knowledge and all potential buyers should make their own enquiries and investigations to the accuracy of the information contained in these particulars. Any amendments to the particulars that Bond Wolfe are aware of will be published on the addendum, which is available within the lot information.
Please note that the Auction will be livestreamed via our website. You can take part remotely via Proxy, Telephone or Online, if you wish to bid you must pre-register via our website no later than 3pm the day prior to the auction. Please click here for further details.
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COSTS AT AUCTION
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Any additional costs excluding the administration fee will be listed in the Special Conditions within the legal pack and these costs will be payable on completion. The legal pack is available to download free of charge under the ‘lot information’. Any stamp duty and/or government taxes are not included within the Special Conditions within the legal pack and all potential buyers must make their own investigations.