10-12 Bridge Street, Walsall, WS1 1HP
A prominent town centre retail investment opportunity in Walsall
Guide price*
£180,000+
Plus fees
Commercial Investment
Auction details:
Thursday 14th May 2026 @ 08:30AM
A prominent town centre retail investment opportunity let to Ladbrokes Betting & Gaming Ltd Current gross income: £20,500 pa.
Property Description
The property comprises a ground floor lock up retail property with basement and ground floor accommodation. The property is fitted out to the tenants usual corporate design. 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 . 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.Location
The 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 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.Accommodation
Basement: 79.80 sq.m. (859 sq.ft.) approx.Ground Floor: 77.94 sq.m. (839 sq.ft.) approx.
Energy Performance Rating
C.Tenure
Long Leasehold. Held for a term of 212 years from 31st July 1925 (approx. 111 years unexpired) at a peppercorn rent, subject to the existing tenancy.Tenancy Details
The property is let in its entirety to Ladbrokes Betting & Gaming Limited for a term of 15 years from 30th August 2013, expiring 29th August 2028, at a current rental of £20,500 per annum.Tenant Profile
Ladbrokes Betting & Gaming Ltd Ladbrokes Betting & Gaming Ltd is a subsidiary of Ladbrokes plc, a leader in the global betting and gaming market with over 2,700 betting shops across Europe. For the year to 31/12/2024 the company reported a turnover of £824.3 million, with pre-tax profits of £57.1 million and a net worth of £1,096.5 million.Value Added Tax
We understand VAT is not applicable on this transaction.Pre-auction Offers
Please note that offers in excess of the guide price may be considered prior to the Auction Sale.Viewings
Strictly by appointment with the Auctioneers. Please complete the ‘request a viewing’ form or contact the office.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.
VIEWINGS
Buyers are deemed to have viewed the property (if access is available), viewed the virtual tours where applicable and undertaken all their due diligence checks prior to bidding.
All viewings are undertaken at your own risk. It is recommended that you take a torch, as not all properties have electricity, and that appropriate clothing is worn. Bond Wolfe under no circumstances shall be liable and will not accept any responsibility for any indirect incidental, consequential, special, or exemplary damages, injury and/or death arising in connection with your access to any property, caused as a result of the property’s state of repair or your use/decision to use your own equipment or any furniture, equipment or appliances in the property.
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 £2,700 inc VAT (£2,250 + 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.
