Next auction Thursday 15th August 2.30PM

46 Bridge Street, Walsall, WS1 1JG



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Guide price

£95,000+


Property Type

Commercial


Key Features

  • Commercial property investment property producing £12,000 pa
  • Let to a Recruitment company on a 5 year lease
  • High yielding investment opportunity

Part of the 17 August 2023 auction
The Nottingham Racecourse at 2.30PM

An opportunity to acquire a town centre commercial investment property let to a Recruitment company on a 5 year lease at a rent of £12,000 per annum

  • Town centre location in the heart of Walsall
  • Part of Tameway Plaza, a new residential conversion scheme
  • Close to Old Square Shopping Centre, ASDA & NCP car park
  • Comprising a ground floor self contained recruitment office
  • Providing refurbished and well presented accommodation
  • Open plan sales area with high levels of glazing onto Bridge St
  • Suspended ceilings with inset lighting
  • Staff kitchen, WC's and interview room
  • Floor area approximately 190 sq m (2,056 sq ft)
  • An ideal investment opportunity

Contact Auction Estates on 0115 7844600

Fees

A buyer's premium of £1,440 inc VAT (£720 inc VAT if the sale price is less than £10,000) is applicable to each lot purchased. The Seller may charge additional fees payable upon completion. If applicable, such fees are detailed within the Special Conditions of sale. Buyers are deemed to bid in full knowledge of this.

Guide Prices and Reserve Prices

Each property sold is subject to a Reserve Price. The Reserve Price, which is agreed between the seller and the auctioneer just prior to the auction, would ordinarily be within + or - 10% of the Guide Price. The Guide Price is issued solely as a guide so that a buyer can consider whether or not to pursue their interest. Both the Guide Price and the Reserve Price can be subject to change up to and including the day of the auction.

Conditions of Sale

The Conditions of Sale will be deposited at the offices of the auctioneers and vendors solicitors/licensed conveyancers seven days prior to sale and the purchaser shall be deemed to have knowledge of same whether inspected or not. Any questions relating to them must be raised prior to 11.30 am. Prospective purchasers are advised to check with the auctioneers before the sale that the property is neither sold nor withdrawn.

The purchaser will also be deemed to have read and understood the auction conduct notes printed within the sale catalogue.

Offered For Sale on a long leasehold basis for a term expiring 26/4/2139 (116 years remaining) at a peppercorn rent, subject to the existing lease to Titan Recruitment Limited (Company Reg: 09394543) which is for a term of five years expiring 29th September 2025 at a rent of £12,000 per annum exclusive.

Refer to Legal Pack

Email: mm@bannerjones.co.uk
Telephone: 01623 675805

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