Four retail units up for auction in Walsall
Four retail units are coming up for sale with a guide price of £730,000 at auction in Walsall town centre.
The shops, including a branch of Ladbrokes, are on the ground floor of the four-storey Tudor House property in Bridge Street and will be at Bond Wolfe’s next auction on the 9th February.
The units are fully let and currently generate £80,000 per annum in rental income. Above them are three floors of residential accommodation that have been sold off separately on a long lease.
James Mattin, joint managing director agency at Bond Wolfe, said: “We’re delighted to offer this retail investment opportunity in a prime town centre location. This is an attractive and distinctive property, in mock Tudor style, with 5,556sq ft of retail space across the four units.
“They are clearly attractive to retail operators. Tudor House is fully let and Ladbrokes has recently extended its lease.”
Adjacent to the Old Square Shopping Centre and Park Street, Bond Wolfe says this is a prime retail pitch in Walsall.
The Tudor House retail units are among 159 lots that will appear in Bond Wolfe’s next livestreamed auction with remote bidding by proxy, telephone or internet.