McDonald’s, Walsall

 

54 Park Street, Walsall, West Midlands, WS1 1NG

Offers in excess of
£1,850,000
Available
Type - Commercial
Tenant type - Restaurant
  • Tenure: Freehold
  • Gross Rent: £110,000
  • Gross Yield: 6%
  • Lease Term: 25 yrs from Jul '06
  • VAT applicable?: Y
  • Rare Investment Opportunity
  • Rebased Rent

Property Description

This property is being jointly marketed for private sale with Singer Vielle. Download the brochure here or view their website listing here.
  • Freehold Blue-Chip Restaurant Investment
  • A mid-terraced two storey building of brick elevation beneath a pitched roof fitted out to a high standard.
  • Comprising a large ground floor retail / restaurant unit providing a customer seating area to the front with the sales counter and kitchen in the middle and stores, staff and ancillary areas located to the rear.
  • There is additional seating and customer toilets at first floor level, with the rear of the first floor providing storage, ancillary and overflow seating areas.
  • There is an area for deliveries and loading and unloading at the rear of the property, accessed via St Pauls Street.

Location Description

  • Walsall is a suburb of Birmingham located approximately 14.5 km (9 miles) north of Birmingham City Centre, 9.5 km (6 miles) east of Wolverhampton, 40 km (25 miles) north-west of Coventry and 193 km (120 miles) north-west of London.
  • Park Street is Walsall’s principal retail thoroughfare. The property occupies a 100% prime retailing pitch on the north side of the fully pedestrianised street.
  • Nearby occupiers include New Look, KFC, WH Smith, Boots, Foot Locker, O2, Superdrug, H Samuel, Clintons, Holland & Barrett and NatWest.
  • The centre provides over 50 stores with retailers including TJ Hughes, Carphone Warehouse, Claire’s, Clarks, Vodafone, Costa, Subway, Ryman and Warren James.
  • The property benefits from being situated diagonally opposite one of the two main entrances to the Saddler’s Shopping Centre which comprises approximately 18,580 sq m (200,000 sq ft) plus around 450 car parking spaces .

Additional Notes

  • The rent used to be £163,500 p.a. and was recently rebased to £110,000 p.a.  in return for extending the lease until 2031

Tenancy & Accommodation Schedule

Tenancy & Accommodation Schedule

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