28 Park Street Walsall West Midlands WS1 1NG

28 Park Street
Walsall
West Midlands
WS1 1NG

Well located Retail Investment

  • Ground and basement let to TUI UK Retail Limited (t/a Thomson)
  • Tenant in occupation since July 2004
  • Prime pedestrianised town centre location
  • Opposite The Saddlers Shopping Centre
  • Nearby occupiers include Marks & Spencer, Waterstones, BHS, Primark, Boots, Holland & Barrett, New Look and Sports Direct
  • Buyer's Legal Report available <a href="/media/32613/buyers legal report v4.pdf" target="_blank" title="Buyers legal report available">here</a>
  • Lot
    68
  • Auction
    22nd October 2015
  • Rent
    £32,000 per Annum Exclusive
  • Status
    Sold Prior
  • Price
     
  • Sector
    High Street Retail
  • Auction Venue
    Radisson Blu Portman Hotel
    22 Portman Square
    London W1H 7BG
  • On behalf of Legal & General
Important Update
  • Expand
  • Photos
  • Map

* More information on the term "guide" can be found here

Well located Retail Investment

  • Ground and basement let to TUI UK Retail Limited (t/a Thomson)
  • Tenant in occupation since July 2004
  • Prime pedestrianised town centre location
  • Opposite The Saddlers Shopping Centre
  • Nearby occupiers include Marks & Spencer, Waterstones, BHS, Primark, Boots, Holland & Barrett, New Look and Sports Direct
  • Buyer's Legal Report available <a href="/media/32613/buyers legal report v4.pdf" target="_blank" title="Buyers legal report available">here</a>
  • Lot 68
  • Auction 22nd October 2015
  • Rent
  • Status Sold Prior
  • Price  
  • Sector
    High Street Retail
  • Auction Venue
    Radisson Blu Portman Hotel
    22 Portman Square
    London W1H 7BG
  • On behalf of Legal & General

Property Information

Location
Miles
9 miles north-west of Birmingham 6 miles east of Wolverhampton
Roads
A34, A454, A461, A4148, M6 (Junction 10)
Rail
Walsall Railway Station (direct to Birmingham New Street approximately 22 mins)
Air
Birmingham International Airport
Situation

The property is situated in a prime retailing position on the eastern side of the pedestrianised Park Street, opposite The Saddlers Shopping Centre in the heart of the town centre. Nearby occupiers include Marks & Spencer, Waterstones, BHS, Primark, Boots, Holland & Barrett, New Look and Sports Direct. Immediately to the rear of the property is St Paul’s Bus Station, and Walsall Railway
Station is approximately 150 metres to the west.

Tenure

Long Leasehold. Long Leasehold. Held for a term of 125 years from 11th August 1982 at a rent of £1 p.a.x.

Location
Miles
9 miles north-west of Birmingham 6 miles east of Wolverhampton
Roads
A34, A454, A461, A4148, M6 (Junction 10)
Rail
Walsall Railway Station (direct to Birmingham New Street approximately 22 mins)
Air
Birmingham International Airport
Situation

The property is situated in a prime retailing position on the eastern side of the pedestrianised Park Street, opposite The Saddlers Shopping Centre in the heart of the town centre. Nearby occupiers include Marks & Spencer, Waterstones, BHS, Primark, Boots, Holland & Barrett, New Look and Sports Direct. Immediately to the rear of the property is St Paul’s Bus Station, and Walsall Railway
Station is approximately 150 metres to the west.

Tenure

Long Leasehold. Long Leasehold. Held for a term of 125 years from 11th August 1982 at a rent of £1 p.a.x.

Description

The property forms part of a larger building and comprises ground floor retail accommodation with ancillary accommodation in the basement.

Six Week Completion (subject to landlord's consent to assign)

Buyer's Legal Report
For the ease and convenience of prospective buyers, to speed up the process of investigating a possible purchase and to minimise the legal costs an independent legal title report is available here.

VAT

VAT is applicable to this lot.

EPC

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

Description

The property forms part of a larger building and comprises ground floor retail accommodation with ancillary accommodation in the basement.

Six Week Completion (subject to landlord's consent to assign)

Buyer's Legal Report
For the ease and convenience of prospective buyers, to speed up the process of investigating a possible purchase and to minimise the legal costs an independent legal title report is available here.

VAT

VAT is applicable to this lot.

EPC

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

Tenancy & Accommodation

Floor Use Floor Areas (Approx) Tenant Term Rent p.a.x. Reversion
Ground
Basement
Retail
Ancillary
58.81 sq m
46.87 sq m
633 sq ft)
(505 sq ft)
TUI UK RETAIL
LIMITED
(t/a Thomson) (1)
1 year from 01/01/2015 on a full repairing and insuring lease £32,000 31/12/2015
Totals  
105.68 sq m
(1,138 sq ft)
    £32,000  

Property Documents

  • Catalogue Page
    Updated Date
    30.09.15
    File Size
    785 KB
    View PDF
  • Site Plan
    Updated Date
    30.09.15
    File Size
    113 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
Eversheds LLP Bridgewater PlaceWater Lane
Leeds
LS11 5DR
Robert Conlan 0113 200 4361robertconlan@eversheds.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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