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 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, 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
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.
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
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.
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.
