Unit 1 Bridge House, 47-55 Bridge Street, Walsall, WS1 1JQ
A substantial fully fitted sports bar/restaurant premises in Walsall
Guide price*
£275,000+
Plus fees
Unsold
Virtual tour
Lot information
Commercial Vacant
Auction details:
Thursday 9th February 2023 @ 09:00AM
Live-streamed Auction
A substantial vacant fully fitted sports bar/restaurant premises in a Town Centre location
Property 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.
Tenure
Long Leasehold for a term of 999 years, subject to a peppercorn ground rent (see legal pack for full details) – Vacant possession upon completion.Auctioneer's Note
A member of Bond Wolfe has a vested interest in the property.Please note offers may be considered prior to the Auction Sale.
Remote Bidding Auction
This property is being offered via a remote bidding auction with bidding by proxy, telephone or internet only. You will need to pre-register for remote bidding, provide your identification and debit card details no later than 24 hours prior to the auction, please visit our website for further details.Licence
The premises is licensed from 12pm – 2am from Sunday to Thursday and from 12pm – 3am on Fridays and Saturdays.Service Charge
There is a proportionate contribution towards the estate service charge . Full details are available within the legal pack.Viewings
Strictly by appointment with the Auctioneers.DISCLAIMER
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 include information that has been provided to them. Plans, photographs and room measurements (provided via a 3rd party) are provided as guidance only and should not be relied upon. All potential buyers should make their own enquiries and investigations to the accuracy of the information contained in these particulars or to obtain further information that is not provided which they deem to be important prior to bidding. Any amendments to the particulars that Bond Wolfe are aware of will be published on the addendum, which is available within the lot information.
LIVE-STREAMED AUCTION
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.
*DEFINITION OF GUIDE & RESERVE PRICE
All properties are sold subject to a reserve price, which is the minimum price the seller is willing to accept and is confidential between the seller and Auctioneer. The guide price is only an indication as to where the reserve is currently set and not necessarily the Auctioneers expectation of what it will sell for. If the guide price is a bracket figure, then the reserve price cannot be higher than the top end of the guide price, if the guide price is a fixed figure, then the reserve cannot be more than 10% above the guide price. The guide price and reserve price can be subject to change at any time up to and including the auction day and, properties can often sell for substantially more than the quoted guide price.
COSTS AT AUCTION
When buying at auction you will unconditionally exchange contracts on the fall of the auctioneer’s gavel, please therefore ensure you have read the legal pack for each property prior to bidding. They are all individual and include the terms and conditions of your purchase as well as any costs in addition to the purchase price.
The sale of each lot is subject to an administration fee of £1,920 inc VAT (£1,600.00 + VAT) (unless otherwise stated in the important information), payable on the fall of the gavel/at the end of the online auction. Please note that the administration fee for the Local Authority lots may differ and all interested parties should enquire directly with the Auctioneers as to the fee applicable.
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 has been prepared by the seller’s solicitor(s), who are responsible for its contents and disclosing all know information. It is available to download free of charge under the ‘lot information’, and you take responsibility for reading and understanding the legal pack and are bound by all the contents. 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.
