139 to 144 Lichfield Street Walsall West Midlands WS1 1SE

139 to 144 Lichfield Street
Walsall
West Midlands
WS1 1SE

Freehold Office with Residential Development Consent

Planning Permission granted for development of 13 Residential Flats
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
29
Auction
12th December 2024
Vacant Possession
Status
Sold
Price
£290,000
Auction Venue
Live Streamed Auction

Interested?

Expand
Photos
Map

Freehold Office with Residential Development Consent

Planning Permission granted for development of 13 Residential Flats
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 29
Auction 12th December 2024
Vacant Possession
Status Sold
Price £290,000
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, A41448, 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

Freehold.

Location

Miles: 8 miles north-west of central Birmingham, 9 miles north-east of Dudley
Roads: A34, A41448, A454, M6 (Junction 10)
Rail: Walsall Railway Station
Air: Birmingham International Airport

Situation

Tenure

Freehold.

Description

The property comprises office accommodation on the first and second floor with separate access from Lichfield Street. The ground floor commercial unit is subject to a 999 year leasehold interest which is being offered for sale separately as Lot 28.

The property may benefit from further development by way of an additional floor, subject to consents.

The property also benefits from a rear service yard and car parking for approximately 15 cars.

VAT

VAT is not applicable to this lot.

Planning

Planning consent has been granted by Walsall Council under planning reference number 23/1147 for the "Conversion of existing vacant building, and façade refurbishment to create 13 no apartments at first and second floor, 2 no retail units at ground floor including rear open space, cycle storage and bin stores."

Completion Period

Six Week Completion

EPC

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

Description

VAT

VAT is not applicable to this lot.

Planning

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.
First Second	Office	401.70 389.50	(4,324) (4,193)	-	-	Vacant Possesion
Ground Basement	Commercial Unit	449.50 131.10	(4,838) (1.411)	Individual	999 years from completion of sale	Peppercorn
Total Approximate Floor Area		1371.80	(14,767)

(1) The floor areas stated above have been taken from the Valuation Office Agency (https://www.gov.uk/find-business-rates)

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.