305 - 317 Wednesbury Road
Walsall
West Midlands
WS2 9QJ

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
    24/Oct/2019
  • Rent
    £19,500 per Annum Exclusive
  • Status
    Sold Prior
  • Price*
     
  • Sector
    Development
  • Auction Venue
    The Montcalm Hotel
    2 Wallenberg Place
    London W1H 7TN
Important Auction & Property Update
  • 305 - 317 Wednesbury Road<br>Walsall<br>West Midlands<br>WS2 9QJ
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* More information on the term "price" can be found here

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.

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

UseFloor Areas (Approx)TenantTermRent 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.

Property Documents

  • Site Plan
    Updated Date
    02.10.19
    File Size
    2 MB
    View PDF
  • Catalogue Page
    Updated Date
    02.10.19
    File Size
    831 KB
    View PDF
  • Common Auction conditions
    Updated Date
    19.09.19
    File Size
    150 KB
    View PDF
  • Memorandum of Sale
    Updated Date
    27.03.17
    File Size
    27 KB
    View PDF
  • Money Laundering Regs
    Updated Date
    19.09.19
    File Size
    36 KB
    View PDF

Contacts

Acuitus
David MargolisDavid Margolis +44 (0)20 7034 4862 +44 (0)7930 484 440david.margolis@acuitus.co.uk
George GoucherGeorge Goucher +44 (0)20 7034 4860george.goucher@acuitus.co.uk
Seller's Solicitors
Moorcrofts LLP James House, Mere Park, Dedmere Road
Marlow
Bucks
SL7 1FJ
Ian Hylton 01628 470 015ian.hylton@moorcrofts.com

Useful Links

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