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High Yielding Retail Investment Property

Walsall, WS1 - Get Access

Description

The property comprises a three-storey mid-parade retail premises featuring a ground floor shop, upper floor offices and storage space, and 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 building extends to approximately 6,330 sq.ft (588.30 sq.m) in total, with breakdown areas including a 1,028 sq.ft basement, 2,135 sq.ft ground floor, 1,949 sq.ft first floor, and 1,217 sq.ft second floor. The property is let in its entirety to H & T Group Plc (trading as H & T Pawnbrokers) on a 15-year lease from 25th April 2007 to 24th April 2027 at a passing rent of £65,000 per annum, with negotiations currently ongoing for a 10-year lease renewal. H & T Group Plc is a leading UK financial services and pawnbroking business with over 290 stores nationwide. Situated in a prominent pitch at The Bridge in the heart of Walsall town centre, the property benefits from close proximity to main retail, commercial, and leisure amenities, as well as easy access to Walsall railway and bus stations providing regular transport links across the West Midlands and onward connections to Birmingham, alongside strong road links to the wider motorway network.
Comparable sales
No comparables available.
Estimated market value
£
Range: £ — £
Medium confidence Floor Area: 6,330 sq ft (Listing)

Valuing this three-storey mid-parade commercial retail premises in Walsall town centre involves assessing the secure passing rent of £65,000 per annum against prevailing regional retail yields. The property's prominent high-street position at The Bridge and the established tenant covenant are balanced against the upcoming 2027 lease expiry and ongoing renewal discussions. Internal inspection and AI image review indicate good overall structural order with standard dated commercial finishes, whilst the 6,330 sq ft gross internal area provides potential future conversion scope for the upper levels.

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