View Photos

87 Bradford Street, Walsall, WS1 1NU

£30,000 Per Annum

About this property

DESCRIPTION
The property comprises a highly prominent mid terrace two story retail premises, totalling 1,491 square feet over ground and first floors. The ground floor comprises a retail shop (last occupied by Toni & Guy) and is in excellent condition. There is further treatment rooms and staff / ancillary space at the first floor level.

RETAILING IN WALSALL
There are two shopping centres within the town centre; The Saddlers Centre and Old Square Shopping Centre. The Saddlers Centre, which was acquired by Walsall Council in August 2017, is a covered scheme totalling 193,000 sq. ft. and is arranged over two floors and anchored by Marks & Spencer and TJ Hughes.
Old Square Shopping Centre is anchored by Debenhams and comprises 140,000 sq. ft. of retail accommodation. Following some significant redevelopment , a new 44,000 sq. ft. Primark opened in 2015.
The schemes provide the main town centre parking.

BUSINESS RATES
We have been advised that the current rating assessment is:
Rateable value : £42,750
We recommend that interested parties should make their own enquiries with the local authority.

TENURE
The premises are to be made available by way of a new Full Repairing and Insuring lease for a term of years to be agreed, subject to 5 yearly upward only rent reviews.

LOCATION
The property is situated in the prime retail centre of Walsall town centre . Bradford Street sits directly adjacent to the Saddlers Shopping Centre and footfall along Bradford Street is further increased by the bus station, taxi rank and car park. The property is located close to numerous national operators, including Lloyds Bank, Primark, Sports Direct and sits in between Paddy Power and Toni & Guy hair salon. Further, the newly developed St Matthews Quarter is situated opposite Primark, and has created increased footfall at the southern end of the town centre.

RENT
£30,000 per annum exclusive of rates, service charge and VAT

VAT
We are advised that VAT is payable on rent & service charge at the prevailing rate. Prospective tenants should verify this before proceeding .
MONEY LAUNDERING
In accordance with Anti-Money Laundering Regulations, two forms of identity and confirmation of the source of funding will be required from the successful tenant.

Key Features

  • Situated in prime retail location.
  • Close to numerous national retailers.
  • Total area—1,491 sq. ft.
  • Ground Floor—715 sq. ft.
  • Flexible lease terms.

Next Steps