Bond Wolfe sells trio of retail properties for over £1 million

Bond Wolfe has completed the sale of over £1 million worth of properties that were placed under offer within a week of being placed on the market.

A Midlands-based family investment firm has acquired 1 Park Street, Walsall, for £405,000, 82-83 Bradford Street, Walsall for £250,000, and 1100 Warwick Road, Acocks Green, Birmingham, for £350,000.

James Mattin, our Managing Director, said: “We are delighted to continue our run of investment sales in both Walsall and Acocks Green where we are seeing a strong appetite from local and regional investors for retail opportunities.

“All three properties went under offer shortly after being released, which is further testament to the resilience of the investment market despite challenging economic times.”

A town centre freehold investment opportunity, 1 Park Street, Walsall, is a 7,353 square feet  purpose-built corner retail unit which is let to Santander UK plc until July 2027 at a passing rental of £42,125 per annum.

The double fronted unit at 82-83 Bradford Street, Walsall, provides a total of 4,016 square feet and is let to Shoe Zone Retail Ltd until December 2027 at a passing rental of £20,000 per annum.

In Acocks Green, 1100 Warwick Road is a 2,906 square feet  unit which is also let to Shoe Zone on a new five year lease at £32,000 per annum.

The Midlands-based investor firm was represented by Coventry law firm Band Hutton Button and West Bromwich law firm Clark Brookes Turner Carey acted for the sellers.