Recently completed & renewed 5 year lease from September 2024 (subject to option)
Rebased rent
Approx. 347.23 sq m (3,737 sq ft)
Excellent pedestrianised location within Walsall town centre, close to Saddlers Shopping Centre
Nearby occupiers include H. Samuel, Pandora, Holland & Barrett, McDonalds, Costa and Greggs
Lot 30
Auction 15th May 2025
Rent £31,000 per Annum Exclusive
Status Sold
Price £313,000
Sector High Street Retail
Auction Venue Live Streamed Auction
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 is situated on the south side of Park Street, the prime pedestrianised retailing street in Walsall Town Centre, close to the Saddlers Shopping Centre and a 480 space multi-storey car park. Nearby occupiers include H. Samuel, Pandora, Holland & Barrett, McDonalds, Costa and Greggs.
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 is situated on the south side of Park Street, the prime pedestrianised retailing street in Walsall Town Centre, close to the Saddlers Shopping Centre and a 480 space multi-storey car park. Nearby occupiers include H. Samuel, Pandora, Holland & Barrett, McDonalds, Costa and Greggs.
Tenure
Freehold.
Description
The property comprises a shop arranged on the ground, first and second floors.
VAT
VAT is not applicable to this lot.
EPC
D87.
Description
The property comprises a shop arranged on the ground, first and second floors.
VAT
VAT is not applicable to this lot.
EPC
D87.
Tenancy & Accommodation
Floor
Use
Floor Areas Approx sq m (3)
Floor Areas Approx sq ft (3)
Tenant
Term
Rent p.a.x.
Ground First Second
Retail Ancillary Ancillary
228.73 61.90 56.60
(2,462) (666) (609)
SPECSAVERS OPTICAL SUPERSTORES LIMITED (1)
5 years from 03/09/2024 (2)
£31,000
Total
347.23
(3,737)
£31,000
(1) For the year ending 29/02/2024 Specsavers Optical Superstores Limited reported a turnover of £2,741,687,000, a pre-tax profit of £323,660,000 and a net worth of £239,593,000 (NorthRow). (2) The lease provides for a tenant option to determine on 03/09/2027. (3) The floor areas stated above are those published by the Valuation Office Agency (www.voa.gov.uk).
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.
