Walsall nightclub up for sale with £75,000 price tag
Suede nightclub in Walsall is up for sale - but any potential buyers will have to fork out £75,000 to call it their own.
The 9,060 square foot club in Bridge Street is still up and running but could be under new management soon if an interested purchaser steps forward to take on the challenge.
Councillor Eileen Russell, who represents the St Matthews area - where Bridge Street is located - for Walsall Council, said fresh new management could 'only be a good thing for the town'.
She said: "I think if it's a good venue it's got to be good for the centre, especially when so much is in decline. That would be my feeling.
"I do think it would be a very good thing for young people in the town."
When asked about any anti-social behaviour or noise issues as a result of the nightclub, Councillor Russell said it often was not a problem in the town centre as not many residents lived nearby.
Rightmove property experts have revealed the club has undergone a 'major and expensive' refurbishment to now incorporate quality fixtures and fittings throughout.
The website said: "State of the art sound systems have been installed as well as a new modern bar and booth seating throughout.
"Extending to 9,060 square feet , the property comprises a main bar area with access through to a dance floor, stage, booth seating and further bar. The property benefits from two separate entrances that serve the bar and then the nightclub area later on.
"Mood lighting is in evidence throughout along with hardwood floors. There is ample ancillary space include managers office, storerooms and staff and customer WC's.
"This superb opportunity is ready for an operator to trade from day one."
Business rates will cost the owner about £60,000, with rent at £70,000 a year. The property is held on the remainder of a 15 year lease from 2017, with five yearly options to break.
