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.