Commercial properties rented by successful retailers in Birmingham and Walsall up for auction
The properties in Walsall and Birmingham are among scores of lots due to appear in Bond Wolfe’s next auction
Properties in Birmingham and the Black Country that are home to successful retailers are among the lots for sale at Bond Wolfe’s next auction.
A property generating more than £78,000 rent a year from an Iceland supermarket in a well-heeled Birmingham suburb is among the lots at the property firm’s next auction taking place on Thursday October 22.
The freehold premises totalling 7,753 sq ft at 1133 Warwick Road in Acocks Green, close to the border with Solihull, will have a guide price of £500,000-plus in the livestreamed auction.
Gurpreet Bassi, chief executive of Bond Wolfe, said the tenant, Iceland Foods Ltd, operates nearly 1,000 stores across the UK, and he added: “This entire property is let to Iceland Foods Ltd at a passing rent of £78,800 a year, and the tenant has recently requested a lease renewal.
“The supermarket includes 5,293 sq ft on the retail shopfloor with an extra 2,460 sq ft of space above, plus service access to the rear.
“The property is on the A41 Warwick Road, the main retail area in Acocks Green, a busy and popular suburb around four miles south-east of Birmingham city centre.”
Retail premises hosting a well-known Black Country pawnbroker business that generates £65,000 rent a year are also up for sale in the auction.
The three-storey, 6,330 sq ft property at 8 The Bridge in Walsall has a guide price of £350,000-plus.
The property is let in its entirety to H & T Group Plc , trading as H & T Pawnbrokers, on a 15-year lease until April 2027, with terms agreed for a new ten-year lease, with a break clause on the fifth anniversary.
The mid-parade space at 8 The Bridge includes 2,135 sq ft on the shopfloor, with 1,028 sq ft in the basement, another 1,949 sq ft on the first floor and 1,217 sq ft on the second floor.
The freehold property is in a prominent position in Walsall town centre, close to the main retail, commercial and leisure amenities.
Mr Bassi said the tenant, H & T Group Plc, is one of the UK’s leading pawnbroking businesses, established in 1897 and operating more than 290 stores.
He added: “This retail investment opportunity includes a ground floor shop, with offices and storage to the upper floors, plus a basement for further storage.
“The upper floors provide potential scope for future residential conversion or alternative use, subject to planning permission.”
The properties are among scores of lots that are due to appear in Bond Wolfe’s next auction, which starts at 8.30am and which 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 https://www.bondwolfe.com/auctions/properties/