For Sale By Auction | 18:00, 19 December 2019 | Lot 19

81-89 Bridge Street, Walsall, West Midlands, WS1 1JQ

*Guide | £30,000 - £40,000 (plus fees)

  • Mixed Use
  • Tenure: Leasehold

Call the team on 0121 289 3838 for more information

Auction Date

Thu 19/12/2019

Auction Time

18:00

Auction Venue

Bank's Stadium Walsall Football Club, Bescot Crescent, Walsall, WS1 4SA

Mixed Use Investment

A unique opportunity to purchase a parade of 4 commercial units (all fully let) and 4 vacant first floor flats in the heart of Walsall Town Centre, with a potential combined income of around £50,000 per annum. (subject to modernisation works to the flats)

Tenure

Leasehold

81 Bridge Street - Let on a 6 year lease from 26/4/19-24/3/25 at £8,200.00 per annum

A single commercial unit with a frontage of 5.6 metres with an internal area of approx 100 sq m comprising: Retail area, two studios, w.c.

83 Bridge Street - Let on a 6 year lease from 11/4/19-10/4/20 at £8,000.00 per annum

This property has not been inspected by the Auctioneer but it is believed to be of a similar size to no. 81 Bridge Street.

85/87 Bridge Street - Let on a 5 year lease from 17/12/18-16/12/23 at £10,000.00 per annum

Currently let to a motorcycle accessory company, the property comprises:large double fronted showroom, w.c. and kitchen and additional repair facilities.

89 Bridge Street - Let on a 15 year lease from 14/11/18-13/11/33 at £8,000.00 per annum

This property has not been inspected by the Auctioneer but it is believed to be of a similar size to no. 81 Bridge Street.

Flat 1 Stuart House - Vacant

Hallway, Lounge 4.5m x 3.2m, Kitchen 2m x 3m, Bedroom 4.4m x 3.4m max, Bathroom.

Flat 2 Stuart House - Vacant

Hallway, Lounge 5.6m x 4.4m, Kitchen 3.6m x 3m, Bedroom One 4.4m x 2.7m, Bedroom Two 1.9m x 3m, Bathroom

Flat 3 Stuart House - Vacant

As per flat 2

Flat 4 Stuart House - Vacant

As per flat 1

Buyers Premium

A Buyers Premium of £900.00 inc vat will be charged for this lot in addition to our usual administration fee of £995.00 inc vat.

Tenure

Head Lease in favour of Walsall Council - 99 years expiring December 2035 @ £87.50 per annum

Energy Efficiency Rating (EPC)

Current Rating Various - See Legal Pack

Services

Interested parties are requested to make their own enquiries to the relevant authorities as to the availability of services.

Local Authority

Walsall Metropolitan Borough Council

Solicitors

Mr Matthew Easter, Ansons Solicitors, Commerce House, Ridings Park, Eastern Way, Cannock, WS11 7FJ, Tel: 01543 466660

Additional Fees

Administration Charge - £995 inc VAT payable on exchange of contracts.

Disbursements - Please see the legal pack for any disbursements listed that may become payable by the purchaser on completion.