A retail unit located at 3 Park Street in the Black Country has been successfully sold for £310,000.
The 3,631 sq ft property is currently leased to Hays Travel with a passing rent of £30,000 per annum until September 2026. The acquisition was managed by Birmingham-based property agency Bond Wolfe.
The retail unit at 3 Park Street, Walsall, was sold for a sum of £310,000. This acquisition is a part of a larger series of sales managed by the property agency Bond Wolfe. The 3,631 sq ft unit is currently leased to Hays Travel, a known high street brand, until September 2026, with an annual rental income of £30,000.
James Mattin, Managing Director and Auctioneer at Bond Wolfe, commented on the sale: ‘3 Park Street is the latest sale in this parade of disposals handled by Bond Wolfe. It follows the sales of 1, 5 and 65 Park Street in Walsall. We are delighted to have concluded yet another sale along Park Street.’
The presence of experienced legal teams is crucial in facilitating complex real estate transactions, ensuring all legal requirements are met and both parties’ interests are protected.
Properties like 3 Park Street, with assured rental incomes and established tenants, continue to be highly sought after. The involvement of Bond Wolfe in multiple sales along Park Street underscores the agency’s role in strengthening market activity.
Prior to this, Bond Wolfe managed the sales of other units in the same retail parade, including 1, 5, and 65 Park Street. These transactions contribute to an emerging pattern of strong private investor interest in the area.
Bond Wolfe’s efforts in marketing and closing these deals have played a significant role in transforming Park Street into a focal point for retail investment.
Such continuous transactions are a positive sign of market vitality and investor confidence in the region.
The sale of 3 Park Street, Walsall, for £310,000 underscores the strong demand for high street retail units with secured leases.
Facilitated by Bond Wolfe, this transaction is part of a broader trend of increased private investment in the area, promising continued growth and market resilience.