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
Auction Venue
Radisson Blu Portman Hotel
22 Portman Square
London W1H 7BG
On behalf of Legal & General

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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

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

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

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