12-14 Park Street Walsall West Midlands WS1 1NG

12-14 Park Street
Walsall
West Midlands
WS1 1NG

Prime Freehold Retail Invesment

Let to Sportswift Limited (t/a Card Factory) with about 930 branches
October 2017 tenant break option not exercised
Double-fronted shop comprising approximately 3,454 sq ft
Nearby occupiers include Primark, Sports Direct, Specsavers, Holland & Barrett, Pandora and Boots the Chemist
Excellent pedestrianised location within Walsall town centre
Saddlers Shopping Centre close by with parking for approximately 480 cars

Lot
57
Auction
18th October 2018
Rent
£75,000 per Annum Exclusive
Status
Withdrawn Prior
Price
Auction Venue
The Radisson Blu Portman Hotel
22 Portman Square
London W1H 7BG

Important Update Interested?

Expand
Photos
Map

Prime Freehold Retail Invesment

Let to Sportswift Limited (t/a Card Factory) with about 930 branches
October 2017 tenant break option not exercised
Double-fronted shop comprising approximately 3,454 sq ft
Nearby occupiers include Primark, Sports Direct, Specsavers, Holland & Barrett, Pandora and Boots the Chemist
Excellent pedestrianised location within Walsall town centre
Saddlers Shopping Centre close by with parking for approximately 480 cars

Lot 57
Auction 18th October 2018
Rent £75,000 per Annum Exclusive
Status Withdrawn Prior
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 occupies a 100% prime retailing location on the eastern side of the pedestrianised Park Street. Multiple retailers located nearby include Primark, Game, Specsavers, Sports Direct, WHSmith, McDonald’s, Holland & Barrett and Boots the Chemist.

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

Tenure

Freehold.

Description

The property comprises a modern good sized ground floor retail unit with storage/staff accommodation at first floor level with a good loading area at the rear of the property.

VAT

VAT is applicable to this lot.

EPC

Description

The property comprises a modern good sized ground floor retail unit with storage/staff accommodation at first floor level with a good loading area at the rear of the property.

VAT

VAT is applicable to this lot.

EPC

Tenancy & Accommodation

Floor	Use	Floor Areas (Approx)		Tenant	Term	Rent p.a.x
Ground First Second	Retail/Ancillary Ancillary Ancillary (hatch access)	167.20 sq m 153.70 sq m -	(1,800 sq ft) (1,654 sq ft) (-)	SPORTSWIFT LIMITED (1) t/a Card Factory	11 years and 1 day from 04/10/2011 on a full repairing and insuring lease	£75,000
Total		320.90 sq m	(3,454 sq ft)			£75,000

(1) For the year ending 31st January 2017, Sportswift Limited, with about 930 branches, reported a turnover of £379,540,000, pre-tax profits of £81,718,000 and a total net worth of £62,010,000. Sportswift Limited is a wholly owned subsiduary of Card Factory Plc who for the year to January 2018 reported a turnover of £422.1 million and pre-tax profits of £72.6 million (Source: Experian Group 11/09/2018).