£500,000
Studio flat for sale
Walsall, WS1 1LR
studio Flat Property description
Description
An attractive and substantial mixed-use freehold building, prominently positioned in a high-footfall area of the town centre. This property comprises a let ground floor amusement arcade, two long-leasehold retail units, and three upper floors with significant redevelopment potential.
Investment Summary:
12 The Bridge: Comprises corner retail unit over ground and basement level, let to Playland Amusements on a lease until December 2031, generating a rental income of £23,500 per annum. The lease contains an upwardly only rent review in December 2026 to open market value and a tenant only break clause in December 2026.
1/1a Bradford Street: Comprises 2 ground floor retail units, sold on 999-year long leaseholds from April 2011, each producing £250 per annum ground rent – totaling £500 per annum. The ground rents will double every 33 years.
Total Current Income: £24,000 per annum.
The uppers comprise 3 floors of vacant offices with self-contained access from Bradford Street, potentially suitable for residential conversion. Planning advice has previously been sought in respect of a scheme comprising 9 residential units of around 550-600ft2 (2-bed).
Location
The property occupies a prime position in the heart of Walsall Town Centre, at the crossroads of The Bridge, Bradford Street, Park Street and Digbeth, benefitting from excellent visibility and footfall in one of the town’s busiest retail and commercial thoroughfares. The property is situated within a short walking distance of Walsall’s main shopping precincts, independent retailers, high street chains, cafés, banks, and restaurants, offering a vibrant mix of amenities right on the doorstep.
The location is exceptionally well-connected, with Walsall Train Station just a 2-minute walk away, providing direct services to Birmingham New Street (approximately 20 minutes), Wolverhampton, and other regional destinations. Numerous bus services operate throughout the town centre, offering further accessibility across the borough and wider West Midlands.
For road users, the property offers excellent connectivity via the nearby A4148 ring road, with swift access to the M6 motorway (Junctions 7, 9, and 10), all within a short drive. This provides convenient links to Birmingham (approx. 10 miles), West Bromwich, Cannock, and the wider national motorway network.
Price
Offers in the region of £500,000
Tenure
Freehold
Services
We understand that the building benefits from all mains services.
The agent has not tested the suitability of the connections and recommends that all interested parties carry out their own investigations.
Business Rates
We understand the retail units have the following rateable values:
12 The Bridge: £28,750
1 Bradford Street: £6,700
1a Bradford Street: £4,150
EPC
Available upon request.
An attractive and substantial mixed-use freehold building, prominently positioned in a high-footfall area of the town centre. This property comprises a let ground floor amusement arcade, two long-leasehold retail units, and three upper floors with significant redevelopment potential.
Investment Summary:
12 The Bridge: Comprises corner retail unit over ground and basement level, let to Playland Amusements on a lease until December 2031, generating a rental income of £23,500 per annum. The lease contains an upwardly only rent review in December 2026 to open market value and a tenant only break clause in December 2026.
1/1a Bradford Street: Comprises 2 ground floor retail units, sold on 999-year long leaseholds from April 2011, each producing £250 per annum ground rent – totaling £500 per annum. The ground rents will double every 33 years.
Total Current Income: £24,000 per annum.
The uppers comprise 3 floors of vacant offices with self-contained access from Bradford Street, potentially suitable for residential conversion. Planning advice has previously been sought in respect of a scheme comprising 9 residential units of around 550-600ft2 (2-bed).
Location
The property occupies a prime position in the heart of Walsall Town Centre, at the crossroads of The Bridge, Bradford Street, Park Street and Digbeth, benefitting from excellent visibility and footfall in one of the town’s busiest retail and commercial thoroughfares. The property is situated within a short walking distance of Walsall’s main shopping precincts, independent retailers, high street chains, cafés, banks, and restaurants, offering a vibrant mix of amenities right on the doorstep.
The location is exceptionally well-connected, with Walsall Train Station just a 2-minute walk away, providing direct services to Birmingham New Street (approximately 20 minutes), Wolverhampton, and other regional destinations. Numerous bus services operate throughout the town centre, offering further accessibility across the borough and wider West Midlands.
For road users, the property offers excellent connectivity via the nearby A4148 ring road, with swift access to the M6 motorway (Junctions 7, 9, and 10), all within a short drive. This provides convenient links to Birmingham (approx. 10 miles), West Bromwich, Cannock, and the wider national motorway network.
Price
Offers in the region of £500,000
Tenure
Freehold
Services
We understand that the building benefits from all mains services.
The agent has not tested the suitability of the connections and recommends that all interested parties carry out their own investigations.
Business Rates
We understand the retail units have the following rateable values:
12 The Bridge: £28,750
1 Bradford Street: £6,700
1a Bradford Street: £4,150
EPC
Available upon request.
Property photos
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First listed
TodayWalsall, WS1 1LR
Marketed by
Siddall Jones - Birmingham The Mint, 95 Icknield Street Birmingham, West Midlands B18 6RUCall agent on 0121 721 2616
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Monthly repayment
The Est. Mortgage is for a 25 years repayment mortgage based on a 10% deposit and a 5.5% annual interest. It is only intended as a guide. Make sure you obtain accurate figures from your lender before committing to any mortgage. Your home may be repossessed if you do not keep up repayments on a mortgage.
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