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
Auction Venue
The Radisson Blu Portman Hotel
22 Portman Square
London W1H 7BG

Important Update Interested?

Expand
Photos
Map

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

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

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

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.