Guide price
£1,200,000
Retail premises for sale71-75 Park Street, Walsall WS1
Just added
Auction
Freehold
About this property
Freehold Vacant possession of the the majority on completion. There are a number of store holders occupying a portion of the ground floor on flexible licence arrangements, producing...
For Sale By Public Auction on 11 September starting at 08:30 am - A Prime Freehold Former bhs Department Store extending to approximately 36,000 sq.ft. (3,344 sq.m.) offering excellent asset management and development potential for a diverse range of uses subject to obtaining the necessary planning permission
The property comprises a former purpose built department store previously occupied by British Homes Stores (bhs) and is considered a landmark building within the town centre.
The accommodation is over ground and first floor, part of the ground floor is currently let to multiple small traders on flexible licence agreements. There are large void areas towards the rear of the building which provide further potential retail space and the opportunity to create an additional entrance off Gallery Square.
The first floor is stripped out and open-plan, and is considered suitable for a variety of uses including residential with the potential to create roof terraces/gardens, or the creation of an additional floor, subject to the appropriate planning permission.
The premises have six dedicated car parking spaces and the additional rear parking is available for purchase at a nominal figure (full details within the legal pack).
Location
The property occupies a prime position, fronting the pedestrianised Park Street, within the heart of Walsall Town Centre, Park Street benefits from a high footfall and is close to The Saddler Centre, Old Square Shopping Centre and the new retail and leisure development, the Quarter.
There is an excellent mix of local and national retailers within the vicinity.
The Town centre is currently undergoing a £1.5bn regeneration programme, with both government and private investor funding, and the town centre will continue to be enhanced, including plans to open up Park Street, improve pedestrianised walkways and adding more greenery.
Walsall is one of the West Midlands Principle commercial centres, lying approximately 10 miles North West of Birmingham and 8 miles East of Wolverhampton.
Energy Performance Rating
B
Tenure
Freehold Vacant possession of the the majority on completion.
There are a number of store holders occupying a portion of the ground floor on flexible licence arrangements, producing approximately £168,000 per annum.
Further details will be available within the legal pack.
Value Added Tax
We understand VAT is applicable on this transaction. Full details will be available within the legal pack.
Pre-auction Offers
Please note that offers in excess of the guide price may be considered prior to the Auction Sale.Auctioneer's Note
This is a unique opportunity to acquire a highly versatile, spacious landmark town centre property.
Future uses may include department store, supermarket, discount store, showroom, leisure and entertainment, food court, offices, call centre, educational, training, religious and residential, all subject to any necessary planning permissions.
Viewing Times
Strictly by appointment with the Auctioneers.
Live-streamed Auction
Please note that the Auction will be livestreamed via our website. You can take part remotely via Proxy, Telephone or Online, if you wish to bid you must pre-register via our website no later than 3pm the day prior to the auction.
Disclaimer
Bond Wolfe or their Agents for the seller of these Lots give notification that any particulars contained within the catalogue/website are prepared to the best of their knowledge and include information that has been provided to them. Plans, photographs and room measurements (provided via a 3rd party) are provided as guidance only and should not be relied upon. All potential buyers should make their own enquiries and investigations to the accuracy of the information contained in these particulars or to obtain further information that is not provided which they deem to be important prior to bidding. Any amendments to the particulars that Bond Wolfe are aware of will be published on the addendum, which is available within the lot information.
Viewings
All viewings are undertaken at your own risk. It is recommended that you take a torch, as not all properties have electricity, and that appropriate clothing is worn. Bond Wolfe under no circumstances shall be liable and will not accept any responsibility for any indirect incidental, consequential, special, or exemplary damages, injury and/or death arising in connection with your access to any property, caused as a result of the property’s state of repair or your use/decision to use your own equipment or any furniture, equipment or appliances in the property.
*Definition of Guide Price and Reserve
All properties are sold subject to a reserve price, which is the minimum price the seller is willing to accept and is confidential between the seller and Auctioneer. The guide price is only an indication as to where the reserve is currently set and not necessarily the Auctioneers expectation of what it will sell for. If the guide price is a bracket figure, then the reserve price cannot be higher than the top end of the guide price, if the guide price is a fixed figure, then the reserve cannot be more than 10% above the guide price. The guide price and reserve price can be subject to change at any time up to and including the auction day and, properties can often sell for substantially more than the quoted guide price.
Costs at Auction
When buying at auction you will unconditionally exchange contracts on the fall of the auctioneer's gavel, please therefore ensure you have read the legal pack for each property prior to bidding. They are all individual and include the terms and conditions of your purchase as well as any costs in addition to the purchase price.
The sale of each lot is subject to an administration fee of £2,340 inc VAT (£1,950.00 + VAT) (unless otherwise stated in the important information), payable on the fall of the gavel/at the end of the online auction.
Please note that the administration fee for the Local Authority lots may differ and all interested parties should enquire directly with the Auctioneers as to the fee applicable.
Any additional costs excluding the administration fee will be listed in the Special Conditions within the legal pack and these costs will be payable on completion. Any stamp duty and/or government taxes are not included within the Special Conditions within the legal pack and all potential buyers must make their own investigations. The legal packs and further information about buying at auction are available on the Bond Wolfe's website.
The property comprises a former purpose built department store previously occupied by British Homes Stores (bhs) and is considered a landmark building within the town centre.
The accommodation is over ground and first floor, part of the ground floor is currently let to multiple small traders on flexible licence agreements. There are large void areas towards the rear of the building which provide further potential retail space and the opportunity to create an additional entrance off Gallery Square.
The first floor is stripped out and open-plan, and is considered suitable for a variety of uses including residential with the potential to create roof terraces/gardens, or the creation of an additional floor, subject to the appropriate planning permission.
The premises have six dedicated car parking spaces and the additional rear parking is available for purchase at a nominal figure (full details within the legal pack).
Location
The property occupies a prime position, fronting the pedestrianised Park Street, within the heart of Walsall Town Centre, Park Street benefits from a high footfall and is close to The Saddler Centre, Old Square Shopping Centre and the new retail and leisure development, the Quarter.
There is an excellent mix of local and national retailers within the vicinity.
The Town centre is currently undergoing a £1.5bn regeneration programme, with both government and private investor funding, and the town centre will continue to be enhanced, including plans to open up Park Street, improve pedestrianised walkways and adding more greenery.
Walsall is one of the West Midlands Principle commercial centres, lying approximately 10 miles North West of Birmingham and 8 miles East of Wolverhampton.
Energy Performance Rating
B
Tenure
Freehold Vacant possession of the the majority on completion.
There are a number of store holders occupying a portion of the ground floor on flexible licence arrangements, producing approximately £168,000 per annum.
Further details will be available within the legal pack.
Value Added Tax
We understand VAT is applicable on this transaction. Full details will be available within the legal pack.
Pre-auction Offers
Please note that offers in excess of the guide price may be considered prior to the Auction Sale.Auctioneer's Note
This is a unique opportunity to acquire a highly versatile, spacious landmark town centre property.
Future uses may include department store, supermarket, discount store, showroom, leisure and entertainment, food court, offices, call centre, educational, training, religious and residential, all subject to any necessary planning permissions.
Viewing Times
Strictly by appointment with the Auctioneers.
Live-streamed Auction
Please note that the Auction will be livestreamed via our website. You can take part remotely via Proxy, Telephone or Online, if you wish to bid you must pre-register via our website no later than 3pm the day prior to the auction.
Disclaimer
Bond Wolfe or their Agents for the seller of these Lots give notification that any particulars contained within the catalogue/website are prepared to the best of their knowledge and include information that has been provided to them. Plans, photographs and room measurements (provided via a 3rd party) are provided as guidance only and should not be relied upon. All potential buyers should make their own enquiries and investigations to the accuracy of the information contained in these particulars or to obtain further information that is not provided which they deem to be important prior to bidding. Any amendments to the particulars that Bond Wolfe are aware of will be published on the addendum, which is available within the lot information.
Viewings
All viewings are undertaken at your own risk. It is recommended that you take a torch, as not all properties have electricity, and that appropriate clothing is worn. Bond Wolfe under no circumstances shall be liable and will not accept any responsibility for any indirect incidental, consequential, special, or exemplary damages, injury and/or death arising in connection with your access to any property, caused as a result of the property’s state of repair or your use/decision to use your own equipment or any furniture, equipment or appliances in the property.
*Definition of Guide Price and Reserve
All properties are sold subject to a reserve price, which is the minimum price the seller is willing to accept and is confidential between the seller and Auctioneer. The guide price is only an indication as to where the reserve is currently set and not necessarily the Auctioneers expectation of what it will sell for. If the guide price is a bracket figure, then the reserve price cannot be higher than the top end of the guide price, if the guide price is a fixed figure, then the reserve cannot be more than 10% above the guide price. The guide price and reserve price can be subject to change at any time up to and including the auction day and, properties can often sell for substantially more than the quoted guide price.
Costs at Auction
When buying at auction you will unconditionally exchange contracts on the fall of the auctioneer's gavel, please therefore ensure you have read the legal pack for each property prior to bidding. They are all individual and include the terms and conditions of your purchase as well as any costs in addition to the purchase price.
The sale of each lot is subject to an administration fee of £2,340 inc VAT (£1,950.00 + VAT) (unless otherwise stated in the important information), payable on the fall of the gavel/at the end of the online auction.
Please note that the administration fee for the Local Authority lots may differ and all interested parties should enquire directly with the Auctioneers as to the fee applicable.
Any additional costs excluding the administration fee will be listed in the Special Conditions within the legal pack and these costs will be payable on completion. Any stamp duty and/or government taxes are not included within the Special Conditions within the legal pack and all potential buyers must make their own investigations. The legal packs and further information about buying at auction are available on the Bond Wolfe's website.
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