Freehold Commercial Investment with Development Potential
Large secure site comprising 0.4 acres (0.16 hectares)
Entirely let to one tenant trading as Fastline Travel, a coach and minibus operator and Tyre Base, a tyre depot
Lease expires June 2020 (excluded from the provisions of the Landlord & Tenant Act 1954)
Of interest to owner occupiers, investors and developers with asset management opportunities
Change of use/re-development potential, subject to planning and consents
Prominent location in mixed residential and commercial area
Lot 31
Auction 24th October 2019
Rent £19,500 per Annum Exclusive
Status Sold Prior
Price
Sector Development
Auction Venue The Montcalm Hotel 2 Wallenberg Place London W1H 7TN
Property Information
Location
Miles
6 miles east of Wolverhampton
10 miles north-west of Birmingham
Roads
A416, A4148, M5, M6,
Rail
Walsall, Bescot Stadium
Air
Birmingham Airport
Situation
The property is located 2 miles south-west of Walsall town centre and 10 miles north-west of Birmingham City Centre, on the south side of Wednesbury Road. The property benefits from excellent road networks being 1 mile north of Junction 9 of the M6, giving fast access to the M5, M42 and M40. The property is adjacent to Hillary Primary School and the surrounding area is predominantly residential.
Tenure
Freehold.
Location
Miles
6 miles east of Wolverhampton
10 miles north-west of Birmingham
Roads
A416, A4148, M5, M6,
Rail
Walsall, Bescot Stadium
Air
Birmingham Airport
Situation
The property is located 2 miles south-west of Walsall town centre and 10 miles north-west of Birmingham City Centre, on the south side of Wednesbury Road. The property benefits from excellent road networks being 1 mile north of Junction 9 of the M6, giving fast access to the M5, M42 and M40. The property is adjacent to Hillary Primary School and the surrounding area is predominantly residential.
Tenure
Freehold.
Description
The property comprises a large open yard with a site area of approximately 0.4 acres (0.16 hectares). The property is used as a vehicle depot for a coach and minibus operator as well as a tyre depot. The property includes two buildings currently being used as workshops, as well as an extensive secure yard.
VAT
VAT is not applicable to this lot.
Planning
The property is within the Pleck Local Centre where development is supported by the Walsall Local Plan.
For further information please contact Walsall Council:
Tel: 01922 652677. Email: info@walsall.gov.uk
EPC
Available from the legal pack at acuitus.co.uk
Description
The property comprises a large open yard with a site area of approximately 0.4 acres (0.16 hectares). The property is used as a vehicle depot for a coach and minibus operator as well as a tyre depot. The property includes two buildings currently being used as workshops, as well as an extensive secure yard.
VAT
VAT is not applicable to this lot.
Planning
The property is within the Pleck Local Centre where development is supported by the Walsall Local Plan.
For further information please contact Walsall Council:
Tel: 01922 652677. Email: info@walsall.gov.uk
EPC
Available from the legal pack at acuitus.co.uk
Tenancy & Accommodation
Use
Floor Areas (Approx)
Tenant
Term
Rent p.a.x
Workshops/Office (Buildings only)
230.94 sq m
(2,486 sq ft)
S ALI with a guarantee from FASTLINE TRAVEL LIMITED t/a Fastline Travel and Tyre Base (1)
10 years from 23/06/2010 until 22/06/2020 (2) on a full repairing and insuring lease
£19,500
Total Commercial Area
230.94 sq m
(2,486 sq ft)
Total Site Area
0.4 acres
(0.16 hectares)
£19,500
(1) Fastline Travel has been in operation for more than 18 years and pride themselves on being a family run business. The fleet of coaches range from luxury coaches to high capacity service vehicles and specialise in passenger transport serving school runs, weddings, short/long distance trips, as well as holiday tours. The tenant also operates a tyre depot on site, trading as Tyre Base. (2) The lease is excluded from the L&T Act 1954.
