8 The Bridge, Walsall

Description

The property comprises a three storey mid parade retail premises with a ground floor shop and offices/storage to the upper floors. There is also useful basement for further storage. The upper floors provide potential scope for future residential conversion/alternative use, subject to consent.

Accommodation

Basement: 1,028 sq.ft. (95.56 sq.m); Ground Floor: 2,135 sq.ft. (198.46 sq.m); First Floor: 1,949 sq.ft. (181.17 sq.m); Second Floor: 1,217 sq.ft. (113.11 sq.m); Total: 6,330 sq.ft. (588.30 sq.m). Approximate areas provided by the VOA/Vendor/EPC; the property has not been internally inspected by Savills.

Location

The property occupies a prominent position at The Bridge in Walsall town centre, close to the main retail, commercial and leisure amenities. Walsall railway and bus stations are within easy reach, providing regular services across the West Midlands, including Birmingham. The area also benefits from good road links to the wider motorway network.

Tenure / Property Information

Investment Analysis

The £350,000 guide equates to approximately £55 per sq.ft. across the stated 6,330 sq.ft. area, but no passing rent, yield, lease rent or formal valuation evidence is supplied. The two same-street freehold comparables (£600,000 in 2022 and £2,000,000 in 2015) are described only as “Other” and are not sufficiently detailed to establish a reliable value range. The existing occupational lease runs to 24 April 2027, while a proposed renewal remains subject to ongoing negotiations and an option. GDV and maximum bid cannot be reliably estimated from the evidence provided.

Investment Snapshot

Strategy Recommendation

Proceed only as an income-producing commercial acquisition after obtaining the rent, full lease and renewal terms, tenant covenant information, inspection findings and a suitable commercial valuation. Do not underwrite residential conversion or refinancing at this stage.

Works Required

No specific works can be quantified because the property has not been internally inspected and no condition report is supplied. The premises comprise retail, office/storage and basement accommodation. Any future residential conversion or alternative use would be subject to the necessary consents and is not assumed in this analysis.

Rental & Market Context

Sold Comparables

The following completed sales were identified within approximately 5 miles:

Potential BRRR Position

A BRRR analysis cannot be completed without the passing rent, agreed or estimated commercial value, refurbishment cost and finance assumptions. The tenant lease expires on 24 April 2027 and renewal negotiations are ongoing, creating uncertainty over the post-expiry income position.

Buy-to-Let Analysis

A BTL assessment cannot be completed because no passing rent or commercial rental evidence is supplied. The only rental evidence is a £300 pcm advertised asking rent for a one-bedroom residential property, which is not relevant evidence for this three-storey retail premises. Lease renewal terms and rent are not stated.

Flip Analysis

A flip assessment cannot be completed reliably. The property is let, no internal inspection or refurbishment budget is available, and no supported resale value or selling-cost allowance is supplied. Upper-floor conversion potential is expressly subject to consent and is not included.

Investor Risks & Due Diligence

• Passing rent and commercial yield are not supplied, so income performance cannot be assessed.

• The existing lease expires on 24 April 2027 and renewal negotiations remain ongoing.

• The property has not been internally inspected by the selling agent, leaving condition and repair exposure unverified.

• Potential upper-floor residential or alternative use is subject to planning and other consents and should not be assumed.

• Buyer premium, administration charges and other acquisition costs are not provided.

• The supplied comparables are described only as “Other” and are not sufficiently detailed to establish a reliable valuation benchmark.

Recommendation

Proceed only as an income-producing commercial acquisition after obtaining the rent, full lease and renewal terms, tenant covenant information, inspection findings and a suitable commercial valuation. Do not underwrite residential conversion or refinancing at this stage.

Strategy Rating

Analysis Confidence

The address, tenure, accommodation, occupancy and lease dates are supplied, but rent, lease rent review terms, condition, EPC, fees, valuation evidence and renewal terms are incomplete. The comparable sales lack sufficient detail for reliable application.