Sports bar odds-on favourite at upcoming auction
A sports bar premises in Walsall is an odds-on favourite at Bond Wolfe’s February auction.
Most recently operated as Bar Sports, the Bridge Street premises were closed down over Christmas.
James Mattin, managing director agency at Bond Wolfe, said: “The premises have traded as a popular bar and restaurant for more than a quarter of a century on a busy retail parade in the heart of Walsall. We are confident that a new owner will want to secure this site and continue with a similar business.
“It comprises a substantial and fully-fitted sports bar/restaurant and is recognised as the leading venue of its type in Walsall.”
The property comprises the first and second floors of Unit 1, Bridge House, 47-55 Bridge Street and is listed for sale at Bond Wolfe’s livestreamed auction event on Thursday 9 February, with a guide price of £275,000.
The sports bar, club and restaurant extends to around 7,300 sq ft.
Mattin said: “The property was previously let at a passing rent of £80,000 per annum, on a 999-year lease subject to a peppercorn ground rent, and benefits from rear access via Intown which leads of the main Lichfield Road.
“The property is situated on Bridge Street in the heart of Walsall town centre on one of the principal approach roads into the town, while also being located within the main leisure circuit in Walsall.”
The premises are currently licensed from 12pm to 2am, Sunday to Thursday, and from 12pm to 3am on Fridays and Saturdays.
Mattin added: “Considering the history and popularity of the premises we are expected highly competitive bidding when this lot comes up for auction, with new owners keen to get it back in operation.”
The Bridge Street sports bar will be among scores of properties appearing in Bond Wolfe’s next auction which is due to start at 9am on Thursday 9 February.