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Status Withdrawn Prior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
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
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.
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).
