148 Walsall Road, West Bromwich, West Midlands, B71 3HP
£81.40 per sq ft
Business rates & charges may apply
- SIZE AVAILABLE
860 sq ft
80 sq m
- SECTOR
Commercial property for sale
Key features
- FOR SALE BY AUCTION ON THURSDAY 18TH SEPTEMBER 2025 (UNLESS SOLD PRIOR).
- High Street Location
- In the same family ownership for over 48 years
- FREEHOLD
- producing £10,000 per annum
- Gross Yield 14.3%
Description
Located close to the junction with Hall Green Road within this established shopping parade just north of the town centre, opposite a branch of the West Brom Building Society, diagonally opposite a Tesco Express, adjacent to Greggs and nearby a Post Office and One Stop as well as a variety of local traders.
West Bromwich lies approx. 5 miles north-west of Birmingham City Centre with excellent road links via the M5 (Junction 1) and M6 (Junction 9).
PROPERTY
A mid terrace building comprising a Ground Floor Shop (see Note 1). The property benefits from the use of a service area at the rear for deliveries.
ACCOMMODATION
Ground Floor Shop
Gross Frontage 16'6"
Internal Width 15'6"
Shop & Built Depth 60'3"
Area Approx. 860 sq ft
2 WCs
VAT is NOT applicable to this Lot
FREEHOLD (Ground Floor Only)
TENANCY
The property is let on an internal repairing (plus shop front) and insuring lease to G. Timmins as a Blinds Retailer for a term of 10 years from 13th November 2018 (renewal of a previous lease - in occupation since 2013) at a current rent of £10,000 per annum exclusive.
Note 1: The first floor of the property is not included as it is owned by a separate Freeholder - see Clause 24 in the Tenant's lease regarding a Break Clause.
Note 2: There is a £1,666.66 Rent Deposit held.
Note 3: There is a 6 Week Completion
Energy Performance Certificates
EPCBrochures
148 Walsall Road, West Bromwich, West Midlands, B71 3HP
NEAREST STATIONS
Distances are straight line measurements from the centre of the postcode- Tame Bridge Parkway Station0.6 miles
- Bescot Stadium Station1.2 miles
- Swan Lane Tram Stop1.4 miles
Notes
Disclaimer - Property reference WalsallRoad. The information displayed about this property comprises a property advertisement. Rightmove.co.uk makes no warranty as to the accuracy or completeness of the advertisement or any linked or associated information, and Rightmove has no control over the content. This property advertisement does not constitute property particulars. The information is provided and maintained by Barnett Ross, Barnett Ross. Please contact the selling agent or developer directly to obtain any information which may be available under the terms of The Energy Performance of Buildings (Certificates and Inspections) (England and Wales) Regulations 2007 or the Home Report if in relation to a residential property in Scotland.
Auction Fees: The purchase of this property may include associated fees not listed here, as it is to be sold via auction. To find out more about the fees associated with this property please call Barnett Ross, Barnett Ross on 020 8106 0950.
*Guide Price: An indication of a seller's minimum expectation at auction and given as a “Guide Price” or a range of “Guide Prices”. This is not necessarily the figure a property will sell for and is subject to change prior to the auction.
Reserve Price: Each auction property will be subject to a “Reserve Price” below which the property cannot be sold at auction. Normally the “Reserve Price” will be set within the range of “Guide Prices” or no more than 10% above a single “Guide Price.”
Map data ©OpenStreetMap contributors.