This substantial mixed-use freehold property is situated in a prime location within Walsall Town Centre, offering notable investment and renovation opportunities. Currently, the ground floor is occupied by a successful amusement arcade, generating a steady rental income of £23,500 per annum under a lease that extends until December 2031. Additionally, the property features two long-leasehold retail units that contribute £500 annually through ground rents, set to double every 33 years.
The upper floors comprise three vacant office spaces with their own access from Bradford Street. These areas present significant redevelopment potential, especially considering prior planning advice indicating feasibility for conversion into nine residential units averaging around 550-600 ft² each.
Located at the bustling crossroads of The Bridge and Bradford Street, this property benefits greatly from high foot traffic and visibility. It is conveniently close to shopping precincts, independent stores, cafes, and restaurants. With Walsall Train Station just a short walk away, direct connections to Birmingham and other regional centers enhance its accessibility.
The building's connectivity is further supported by proximity to the A4148 ring road and easy access to the M6 motorway, making it an attractive investment location in West Midlands. Overall, this property offers a blend of current income generation alongside promising avenues for future development.
