139 to 144 Lichfield Street Walsall West Midlands WS1 1SE

  • 139 to 144 Lichfield Street<br>Walsall<br>West Midlands<br>WS1 1SE

139 to 144 Lichfield Street
Walsall
West Midlands
WS1 1SE

Town Centre Retail Investment

  • Comprises a substantial Commercial Unit
  • Let to Starting Point Recruitment Limited Guaranteed by Steps To Work on a new 10 year lease until 2034 (subject to option).
  • Lease outside of the Security of Tenure provisions of the L&T Act 1954
  • Benefits from a 25 metre (82ft) frontage
  • Town Centre location directly opposite Walsall Town Hall
  • 100m from Old Square Shopping Centre, 250m from Saddlers Shopping Centre and 350m from Walsall Train Station
  • Nearby Occupiers include Boots, JD Wetherspoon, New Look, Co-Op, Primark and an eclectic mix of local retailers
  • Lot
    28
  • Auction
    12th December 2024
  • Rent
    £50,000 per Annum Exclusive
  • Status
    Available
  • Guide*
    £475,000
  • Auction Venue
    Live Streamed Auction
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Town Centre Retail Investment

  • Comprises a substantial Commercial Unit
  • Let to Starting Point Recruitment Limited Guaranteed by Steps To Work on a new 10 year lease until 2034 (subject to option).
  • Lease outside of the Security of Tenure provisions of the L&T Act 1954
  • Benefits from a 25 metre (82ft) frontage
  • Town Centre location directly opposite Walsall Town Hall
  • 100m from Old Square Shopping Centre, 250m from Saddlers Shopping Centre and 350m from Walsall Train Station
  • Nearby Occupiers include Boots, JD Wetherspoon, New Look, Co-Op, Primark and an eclectic mix of local retailers
  • Lot 28
  • Auction 12th December 2024
  • Rent £50,000 per Annum Exclusive
  • Status Available
  • Guide* £475,000
  • Sector
    Office
  • Auction Venue
    Live Streamed Auction

Property Information

Location
Miles
8 miles north-west of Central Birmingham, 9 miles North-East of Dudley
Roads
A34, A4148, A454, M6 (Junction 10)
Rail
Walsall Railway Station
Air
Birmingham International Airport
Situation

The property is prominently situated in the heart of the town centre, on the south side of Lichfield Street, close to its junction with Bridge Street and directly opposite Walsall Town Hall. Old Square Shopping Centre, Saddlers Shopping Centre, Walsall Swimming & Fitness Centre and Walsall Railway Station are all nearby with other neighbouring occupiers including Boots, JD Wetherspoon, New Look, Co-Op, Primark and an eclectic mix of local retailers.

Tenure

Virtual Freehold. Held for a term of 999 years from the completion of sale at a fixed rent reserved of one peppercorn per annum exclusive.

Location
Miles
8 miles north-west of Central Birmingham, 9 miles North-East of Dudley
Roads
A34, A4148, A454, M6 (Junction 10)
Rail
Walsall Railway Station
Air
Birmingham International Airport
Situation

The property is prominently situated in the heart of the town centre, on the south side of Lichfield Street, close to its junction with Bridge Street and directly opposite Walsall Town Hall. Old Square Shopping Centre, Saddlers Shopping Centre, Walsall Swimming & Fitness Centre and Walsall Railway Station are all nearby with other neighbouring occupiers including Boots, JD Wetherspoon, New Look, Co-Op, Primark and an eclectic mix of local retailers.

Tenure

Virtual Freehold. Held for a term of 999 years from the completion of sale at a fixed rent reserved of one peppercorn per annum exclusive.

Description

The property comprises a ground floor commercial unit with substantial frontage to Lichfield Street and ancillary accommodation in the basement. The property benefits for a rear service yard with car parking.

The Freehold interest, including the upper floors with consent for 13 residential flats is being offered for sale separately as Lot 29.

VAT

VAT is not applicable to this lot.

Completion Period

Six Week Completion

EPC

The EPC will be available to view online in the solicitor’s legal pack.

Description

The property comprises a ground floor commercial unit with substantial frontage to Lichfield Street and ancillary accommodation in the basement. The property benefits for a rear service yard with car parking.

The Freehold interest, including the upper floors with consent for 13 residential flats is being offered for sale separately as Lot 29.

VAT

VAT is not applicable to this lot.

Completion Period

Six Week Completion

EPC

The EPC will be available to view online in the solicitor’s legal pack.

Tenancy & Accommodation

Floor Use Floor Areas
Approx sq m (1)
Floor Areas
Approx sq ft (1)
Tenant Term Rent p.a.x. Rent Review (Reversion)
Basement
Ground
Ancillary
Office
131.10
400.10
(1,411)
(4,307)
STARTING POINT RECRUITMENT LIMITED (crn04560776) (2) guaranteed by STEPS TO WORK
(crn: 03738249) (1)
10 years from 19th July 2024 (3)
£50,000
19th July 2029
(18th July 2034)
Total Approximate Floor Area  
531.20
(5,718)
   
£50,000
 

(1) The floor areas stated above have been taken from the Valuation Office Agency (https://www.tax.service.gov.uk/business-rates-find/valuations/start/217907232)
(2) Starting Point Recruitment Limited (crn04560776) were incorporated in 2002 and operate from offices in Walsall and Birmingham with clients including Unison and Arnold Clark. See https://startingpointrecruitment.co.uk/
(3) The lease provides for a tenant option to determine the lease on 19th July 2029 subject to 6 months written notice and the lease is outside of the security of tenure provisions of the Landlord and Tenant Act 1954.

If you are the successful bidder, Acuitus requires a separate payment of £1,500+VAT as a buyer's administration charge payable to Acuitus Limited upon exchange of contracts. A VAT receipt will be provided upon payment.

Contacts

Acuitus
John MehtabJohn Mehtab +44 (0)20 7034 4855 +44 (0)7899 060 519john.mehtab@acuitus.co.uk
Anjali SawaliAnjali Sawali +44 (0)20 7034 4854 +44 (0)7854 316 621anjali.sawali@acuitus.co.uk
Seller's Solicitors
SBP Law Glade House 52-54 Carter Lane
London
EC4V 5EF
Timothy Milton 020 7332 2222tmilton@sbplaw.co.uk

Useful Links

Acuitus Finance
Stuart BuchananStuart Buchanan +44 (0)20 7034 4850 +44 (0)7879 432868stuart.buchanan@acuitus.co.uk

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