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
    18/Oct/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    Withdrawn Prior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
Important Property Update
  • 12-14 Park Street<br>Walsall<br>West Midlands<br>WS1 1NG
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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.

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

C

Tenancy & Accommodation

FloorUseFloor Areas (Approx)TenantTermRent 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).

Property Documents

  • Catalogue Page
    Updated Date
    26.09.18
    File Size
    807 KB
    View PDF
  • Site Plan
    Updated Date
    26.09.18
    File Size
    3 MB
    View PDF
  • Common Auction conditions
    Updated Date
    27.03.17
    File Size
    124 KB
    View PDF
  • Memorandum of Sale
    Updated Date
    27.03.17
    File Size
    27 KB
    View PDF

Contacts

Acuitus
David MargolisDavid Margolis +44 (0)20 7034 4862 +44 (0)7930 484 440david.margolis@acuitus.co.uk
George WatkinsGeorge Watkins +44 (0)20 7034 4861george.watkins@acuitus.co.uk
Seller's Solicitors
Thursfields Solicitors 5 The Courtyard, Warwick Road
Solihull
West Midlands
B91 3DA
Mike Brien 0121 647 5261mbrien@thursfields.co.uk

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