Well-known Walsall sports bar for sale in next Bond Wolfe auction
Sports bar for sale in Bond Wolfe’s February auction. The popular sports bar premises is located in Walsall is an odds-on favourite to attract plenty of interest at
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.
The trading area is fully fitted to incorporate a large curve fronted bar servery on one side and a games area on the opposite side. Seating is a mixture of stools and seating within private bays, with a capacity for 600 persons.
There are ladies, gents and disabled WCs, a fully functioning catering kitchen, manager’s office, bottle store and cellar.
Mr 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.
Mr 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.
The auction will be livestreamed via Bond Wolfe’s website with remote bidding by proxy, telephone or internet.
For more details and to register to bid visit www.bondwolfe.com/property-auctions-west-midlands/ or email [email protected], or call 0121 312 1212 or 01902 928 510.