MapRetail property (high street)
Under offer
Retail property (high street)
16,751 sq ft / 1,556 sq m
Features and description
- Tenure: Freehold
The property comprises of an unbroken parade of four high street shops with associated uppers at first and second floor level.
The asset currently generates a passing rental of £180,000 (tenancy schedule enclosed) reflecting a net yield of 12.15% assuming purchasing costs at 5.75%.
The property provides asset management opportunities as 27 Park Street, formerly occupied by Thorntons is vacant with an estimated rental value of £20,000.
Burger King, who a lease which expires in 2025, have vacated their premises and may consider a surrender, which provides potential for a leisure owner-occupier looking for an income producing asset.
The property is situated along a prime retailing pitch along Park Street in Walsall town centre.
Nearby occupiers include Subway, Footlocker, Sports Direct and Barclays with Saddlers Shopping Centre a short walk away.
Walsall occupies a located some 10 miles north west of Birmingham city centre and 7 miles east of Wolverhampton.
Walsall provides excellent motorway networks with access to the M5 and M6 motorways nearby. Walsall railway station is approximately 0.2 miles away and runs regular services to Birmingham New Street with onward connections to London Euston.
We are seeking offers in excess of £1,400,000 (exclusive) for the valuable freehold interest.
We understand that the building is opted for VAT.
The sale can be treated by way of a TOGC.
Energy Performance Certificate (EPC) available upon request from the agents.
We understand that all mains services are connected on, or adjacent to, the subject premises.
The agent has not tested the connections and recommends that all interested parties carry out their own investigations as to their suitability.
Both parties to bear the cost of their own legal and surveyor’s costs.
Viewings available via the retained sole agents Siddall Jones.
The asset currently generates a passing rental of £180,000 (tenancy schedule enclosed) reflecting a net yield of 12.15% assuming purchasing costs at 5.75%.
The property provides asset management opportunities as 27 Park Street, formerly occupied by Thorntons is vacant with an estimated rental value of £20,000.
Burger King, who a lease which expires in 2025, have vacated their premises and may consider a surrender, which provides potential for a leisure owner-occupier looking for an income producing asset.
The property is situated along a prime retailing pitch along Park Street in Walsall town centre.
Nearby occupiers include Subway, Footlocker, Sports Direct and Barclays with Saddlers Shopping Centre a short walk away.
Walsall occupies a located some 10 miles north west of Birmingham city centre and 7 miles east of Wolverhampton.
Walsall provides excellent motorway networks with access to the M5 and M6 motorways nearby. Walsall railway station is approximately 0.2 miles away and runs regular services to Birmingham New Street with onward connections to London Euston.
We are seeking offers in excess of £1,400,000 (exclusive) for the valuable freehold interest.
We understand that the building is opted for VAT.
The sale can be treated by way of a TOGC.
Energy Performance Certificate (EPC) available upon request from the agents.
We understand that all mains services are connected on, or adjacent to, the subject premises.
The agent has not tested the connections and recommends that all interested parties carry out their own investigations as to their suitability.
Both parties to bear the cost of their own legal and surveyor’s costs.
Viewings available via the retained sole agents Siddall Jones.
Property information from this agent
About this agent
Siddall Jones - Birmingham
The Mint, 95 Icknield Street
Birmingham, West Midlands
B18 6RU
0121 721 2616SiddallJones are an independent firm of commercial property consultants based in Birmingham and covering the West Midlands region. We are multi disciplined businesses who pride ourselves in delivering the highest standard of client care, using our knowledge and experience of local and regional markets to provide a range of services to our local and national clients. Since our inception we have secured over one million sq ft of commercial agency instructions. Our clients vary from sole traders to multi nationals, but we trade on the basic value of treating all clients equally and offering the highest standards of care and professionalism throughout our instructions.