Retail

Wilko, Park Place, Townsend Square, Walsall WS1 1NG

 

Quoting Price: £3,500,000 - Initial Yield:10.00%

Acting on behalf of London & Cambridge Properties, we are instructed to market this high yielding retail investment in Walsall.

The property comprises a well configured unit extending to 43,905 sq ft (4,078.91 sq m) over three floors, situated on a highly prominent retail position fronting the pedestrianised Park Street. Let on FR&I terms to Wilkinson Hardware Stores Limited until 14th February 2027 without break, providing an unexpired term of 7.8 years, at a current passing rent of £372,500 p.a (£8.48 psf).

Offers sought in excess of £3,500,000 (Three Million, Five Hundred Thousand Pounds) subject to contract and exclusive of VAT. This reflects an attractive net initial yield 10%, after deduction of purchase costs of 6.50%.

Contact

Simon Lewis

Tel: 020 7493 3330
Mob: 07831 527 960
slewis@lewisellis.co.uk

David Kos

Tel: 020 7493 3330
Mob: 07709 813267
dkos@lewisellis.co.uk

Fred Daeche-Marshall

Tel: 020 7493 3330
Mob: 07785741700
FDMarshall@lewisellis.co.uk


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