Freehold town centre retail investment opportunity

A freehold town centre retail investment opportunity currently producing a gross income of £20,000 per annum. The property currently trades as a European mini market and comprises a two-storey mid-parade property extending to approximately 2,040 sq ft (189.59 sq m) or thereabouts. The property occupies a prominent location in Walsall town centre on the pedestrianised Bradford Street, close to the Saddlers Shopping Centre and the Crown Wharf Retail Park. Principal town centre car parks serving Walsall are located within the Saddlers Shopping Centre (480 spaces) and Crown Wharf (650 spaces). Walsall is located approximately 10 miles north of Birmingham city centre and 8 miles east of Wolverhampton, benefiting from excellent road communications within 4 miles of the intersection of the M5 and M6 motorways, with junctions 9 and 10 of the M6 lying within 2 miles of the western periphery of the town to provide easy access to the national motorway network. The accommodation comprises a ground floor retail shop with rear ancillary areas, and first-floor staff WCs and storage. The property is held freehold and is subject to the existing tenancy, let in its entirety to Rzgar Al Jabari, trading as European Mini Market, for a term of 10 years expiring on 20th December 2032 at a passing rent of £20,000 per annum. A variable service charge is recharged to the occupational tenant to cover the provision of communal services and maintenance.