17 Park Street Walsall West Midlands WS1 1LY

  • 17 Park Street<br>Walsall<br>West Midlands<br>WS1 1LY

17 Park Street
Walsall
West Midlands
WS1 1LY

Freehold Retail Investment

  • Entirely let to Specsavers Optical Superstores Limited
  • Lease expires July 2024 (subject to option)
  • Prime trading location on pedestrianised Park Street
  • Nearby occupiers include Marks & Spencer, Primark, Boots the Chemist, Costa, Superdrug and Sports Direct
  • Close to The Saddlers Shopping Centre
  • For the Seller's Legal Pack, please click the Property Documents tab below
  • Lot
    51
  • Auction
    30th March 2017
  • Rent
    £95,000 per Annum Exclusive
  • Status
    Withdrawn Post
  • Price
     
  • Auction Venue
    The Radisson Blu Portman Hotel
    22 Portman Square
    London W1H 7BG
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Freehold Retail Investment

  • Entirely let to Specsavers Optical Superstores Limited
  • Lease expires July 2024 (subject to option)
  • Prime trading location on pedestrianised Park Street
  • Nearby occupiers include Marks & Spencer, Primark, Boots the Chemist, Costa, Superdrug and Sports Direct
  • Close to The Saddlers Shopping Centre
  • For the Seller's Legal Pack, please click the Property Documents tab below
  • Lot 51
  • Auction 30th March 2017
  • Rent £95,000 per Annum Exclusive
  • Status Withdrawn Post
  • Price  
  • Sector
    High Street Retail
  • Auction Venue
    The Radisson Blu Portman Hotel
    22 Portman Square
    London W1H 7BG

Property Information

Location
Miles
6 miles east of Wolverhampton, 9 miles north-west of Birmingham
Roads
A34, A454, A461, A4148, M5, 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 western side of the pedestrianised Park Street, near to The Saddlers Shopping Centre in the heart of the town centre. Nearby occupiers include Marks & Spencer, Primark, Boots the Chemist, Costa, Superdrug and Sports Direct. The nearby Saddlers Shopping Centre car park provides car parking for approximately 480 cars.

Tenure

Freehold.

Location
Miles
6 miles east of Wolverhampton, 9 miles north-west of Birmingham
Roads
A34, A454, A461, A4148, M5, 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 western side of the pedestrianised Park Street, near to The Saddlers Shopping Centre in the heart of the town centre. Nearby occupiers include Marks & Spencer, Primark, Boots the Chemist, Costa, Superdrug and Sports Direct. The nearby Saddlers Shopping Centre car park provides car parking for approximately 480 cars.

Tenure

Freehold.

Description

The property comprises a ground floor shop with consultation rooms and ancillary accommodation on the first and second floors.

VAT

VAT is not 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 a ground floor shop with consultation rooms and ancillary accommodation on the first and second floors.

VAT

VAT is not 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

Floor Use Floor Areas (Approx) Tenant Term Rent p.a.x Review
Ground
First

Second
 Retail
Consultation Rooms/
Ancillary
Ancillary
228.73 sq m
61.90 sq m

56.60 sq m
(2,462 sq ft)
(666 sq ft)

(609 sq ft)
 SPECSAVERS
OPTICAL
SUPERSTORES
LIMITED (1)
 15 years from
17/07/2009 until
16/07/2024 on a full
repairing and insuring
lease (2)
 £95,000
 17/07/2019
Totals  
347.23 sq m
(3,737 sq ft)
     £95,000
  

(1) For the year ending 29th February 2016, Specsavers Optical Superstores Limited reported a turnover of £673,564,000, pre-tax profits of £28,776,000 and a total net worth of £53,648,000 (Source: Experian Group 06/02/2017).
(2) The lease provides for a tenant option to determine on 17/07/2019 subject to six months’ prior written notice.

Contacts

Acuitus
David MargolisDavid Margolis +44 (0)20 7034 4862 +44 (0)7930 484 440david.margolis@acuitus.co.uk
Seller's Solicitors
314 , Regents Park Road
Finchley
London
N3 2JX
Masood Haider 0208 3434411masood@bsgsolicitors.com

Useful Links

Acuitus Finance
Stuart BuchananStuart Buchanan +44 (0)20 7034 4850 +44 (0)7879 432868stuart.buchanan@acuitus.co.uk
Property InsuranceBrown & BrownNatasha WardBroking Director+44 7545 208 759bbrown.com

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