Units 3 & 4 – 5, Frederick Street and 1 & 2 Bridgeman Street Bridgeman Trading Estate Walsall West Midlands WS2 9NW

Units 3 & 4 – 5, Frederick Street and 1 & 2 Bridgeman Street
Bridgeman Trading Estate
Walsall
West Midlands
WS2 9NW

Freehold Industrial Investment

  • Three multi-let industrial units
  • Located in established trading estate
  • Close proximity to main retailing pitch of Walsall Town Centre
  • Adjacent to Town Wharf Business Park
  • For the Seller's Legal Pack, please click the Property Documents tab below
  • Lot
    42
  • Auction
    25th May 2017
  • Rent
    £39,895 per Annum Exclusive
  • Status
    Sold Prior
  • Price
     
  • Sector
    Industrial/Warehouse
  • Auction Venue
    The Radisson Blu Portman Hotel
    22 Portman Square
    London W1H 7BG
Important Update
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* More information on the term "guide" can be found here

Freehold Industrial Investment

  • Three multi-let industrial units
  • Located in established trading estate
  • Close proximity to main retailing pitch of Walsall Town Centre
  • Adjacent to Town Wharf Business Park
  • For the Seller's Legal Pack, please click the Property Documents tab below
  • Lot 42
  • Auction 25th May 2017
  • Rent
  • Status Sold Prior
  • Price  
  • Sector
    Industrial/Warehouse
  • Auction Venue
    The Radisson Blu Portman Hotel
    22 Portman Square
    London W1H 7BG

Property Information

Location
Miles
12 miles north of Birmingham City Centre
Roads
A461, M6 (Junction 9)
Rail
Walsall Rail
Air
Birmingham International Airport
Situation

The property is situated within Bridgeman Industrial Estate, occupying a prominent pitch fronting both Bridgeman Street and Frederick Street. Bridgeman Street links the town centre with the A4148 Ring Road to the West. Both Walsall Railway Station and the town centre's prime retailing pitch are within a short walk with the Crown Wharf Shopping Park to the north. Adjacent to the property is Town Wharf Business Park which is home to a number of independent occupiers.

Tenure

Freehold.

Location
Miles
12 miles north of Birmingham City Centre
Roads
A461, M6 (Junction 9)
Rail
Walsall Rail
Air
Birmingham International Airport
Situation

The property is situated within Bridgeman Industrial Estate, occupying a prominent pitch fronting both Bridgeman Street and Frederick Street. Bridgeman Street links the town centre with the A4148 Ring Road to the West. Both Walsall Railway Station and the town centre's prime retailing pitch are within a short walk with the Crown Wharf Shopping Park to the north. Adjacent to the property is Town Wharf Business Park which is home to a number of independent occupiers.

Tenure

Freehold.

Description

The property comprises three single storey industrial units. Units 1 & 2 front Bridgeman Street and benefit from roller shutter doors and a small forecourt with parking for approximately 4 cars. Units 3 and 4 & 5 front Frederick Street and benefit from roller shutter doors and forecourt parking.

VAT

VAT is applicable to this lot.

Completion Period

Six Week Completion

EPC

The EPC will be available to view online in the solicitor’s legal pack.

Description

The property comprises three single storey industrial units. Units 1 & 2 front Bridgeman Street and benefit from roller shutter doors and a small forecourt with parking for approximately 4 cars. Units 3 and 4 & 5 front Frederick Street and benefit from roller shutter doors and forecourt parking.

VAT

VAT is applicable to this lot.

Completion Period

Six Week Completion

EPC

The EPC will be available to view online in the solicitor’s legal pack.

Tenancy & Accommodation

Unit Floor Use Floor Areas (Approx) Tenant Term Rent p.a.x Review/(Reversion)

1 & 2
Bridgeman
Street
Ground
Industrial
342.71 sq m
(3,689 sq ft)
INDIVIDUALS
t/a Tyre Centre
20 years from
20/08/2016
until
19/08/2036
£16,000
20/08/2021
and five
yearly
3 Frederick
Street

Ground
Industrial
162.20 sq m
(1,746 sq ft)
TECH RECLAIM LIMITED (1)
5 years from 16/09/2016
(2)
£7,350
(15/09/2021)
4 & 5
Frederick
Street
Ground
Retail
Warehouse
323.95 sq m
(3,487 sq ft)
BROMFIELD TRADING LIMITED
t/a Angels & Sinners
10 years
from
30/05/2017
£16,545 (3)
30/05/2022
(29/05/2027)
Total
 
828.88 sq m
(8,922 sq ft)
    £39,895
 

(1) Tech Reclaim Limited provide collection and disposal of waste electronics, to be either refurbished, recycled or destroyed. (Source: www.techreclaim.co.uk 06/04/2017)
(2) The lease provides an option to determine on 16/09/2019
(3) The lease provides a fixed rental increase to £19,000 p.a.x on 30/05/2022.

Property Documents

  • Catalogue Page
    Updated Date
    03.05.17
    File Size
    932 KB
    View PDF
  • Site Plan
    Updated Date
    03.05.17
    File Size
    575 KB
    View PDF
  • Common Auction conditions
    Updated Date
    10.06.21
    File Size
    168 KB
    View PDF
  • Memorandum of Sale
    Updated Date
    27.03.17
    File Size
    27 KB
    View PDF

Contacts

Seller's Solicitors
Clyde & Co LLP The St Botolph Building, 138 Houndsditch
London
EC3A 7AR
Sara Bantges 020 7876 4232sara.bantges@clydeco.com

Useful Links

Acuitus Finance
Stuart BuchananStuart Buchanan +44 (0)20 7034 4850 +44 (0)7879 432868stuart.buchanan@acuitus.co.uk

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