Retail Investment in Walsall - Gross £65k PA

A freehold retail investment opportunity producing a current gross income of £65,000 per annum. The property comprises a three-storey mid-parade retail premises featuring a ground floor shop, with offices and storage to the upper floors, alongside a useful basement for additional storage. The upper floors offer potential scope for future residential conversion or alternative uses, subject to obtaining the necessary consents. The property occupies a prominent position at The Bridge in Walsall town centre, situated close to main retail, commercial, and leisure amenities. Walsall railway and bus stations are within easy reach, providing regular services across the West Midlands, including Birmingham, and the area benefits from good road links to the wider motorway network. Accommodation comprises a basement of 1,028 sq. ft. (95.56 sq. m), a ground floor of 2,135 sq. ft. (198.46 sq. m), a first floor of 1,949 sq. ft. (181.17 sq. m), and a second floor of 1,217 sq. ft. (113.11 sq. m), giving a total of 6,330 sq. ft. (588.30 sq. m). The tenure is freehold, subject to the existing tenancy. The property is let in its entirety to H & T Group Plc (trading as H & T Pawnbrokers) for a term of 15 years from 25th April 2007 to 24th April 2027, at a passing rent of £65,000 per annum, with terms agreed for a lease renewal for 10 years including a break clause at the 5th anniversary. H & T Group Plc is one of the UK’s leading pawnbroking and financial services businesses established in 1897, operating from over 290 stores across the UK. Viewings are external only, with no internal viewings arranged.