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Just added
Auction
Freehold
Guide price
£550,000
Parking/garage for sale
St Matthew's Quarter Car Park, George Street, Walsall, West Midlands WS1Local area information
Property location
Nearby amenities
- Blue Coat Church of England Academy 0.2 miles
- Blue Coat Church of England Aided Infant School 0.3 miles
- Walsall 0.3 miles
- Bescot Stadium 1.4 miles
These distances are calculated in a straight line. The actual route and distance may vary.
Read our area guide for Walsall to find out more about the local area.
Features and description
- Freehold
- Freehold
For sale by auction 10/07/2025 £550,000 plus
freehold multi story town centre car park producing an income of £75,009 P.A.
Location & Description
Walsall is a busy West Midlands market town located some 8 miles north-west of Birmingham and 6 miles east of Wolverhampton. The town benefits from good access to the national motorway network, lying adjacent to the M6 motorway (Junctions 8,9 and 10). Walsall Train Station provides regular services to Birmingham New Street (from approximately 22 minutes).
The property is situated on southern side of High Street, between George Street and Dudley Street. The car park is accessed from George Street, with an exit on Peal Street
Tenure
Freehold
Tenancy Details
Levels 3 & 4 Car Park (c.438 car parking spaces): Let on a 25 year lease from 01.05.2025 to one tenant (with personal guarantor) at a rent of £75,000 p.a. Rent reviews five yearly.
Superstore and Level 1&2 Car Park (c.486 car parking spaces): Let on a 150 year lease from 25.12.2005 to McLagan Investments Ltd (t/a Asda) at a peppercorn.
Mill View, George Street (comprising 41 apartments): Let on a 999 year lease from 01.07.2008 to Accord Housing Association Ltd at a fixed ground rent of £1 p.a.
2-10 George Street (comprising 8 retail units): Each subject to a lease for a term expiring 30.06.3007. Ground rent totalling £8 p.a.
Note
The Freeholder retains the right to manage & insure the property.
VAT is applicable to this lot.
Auction Surveyor: Stuart Mackay
Contact: /
producing £75,009 P.A.
freehold multi story town centre car park producing an income of £75,009 P.A.
Location & Description
Walsall is a busy West Midlands market town located some 8 miles north-west of Birmingham and 6 miles east of Wolverhampton. The town benefits from good access to the national motorway network, lying adjacent to the M6 motorway (Junctions 8,9 and 10). Walsall Train Station provides regular services to Birmingham New Street (from approximately 22 minutes).
The property is situated on southern side of High Street, between George Street and Dudley Street. The car park is accessed from George Street, with an exit on Peal Street
Tenure
Freehold
Tenancy Details
Levels 3 & 4 Car Park (c.438 car parking spaces): Let on a 25 year lease from 01.05.2025 to one tenant (with personal guarantor) at a rent of £75,000 p.a. Rent reviews five yearly.
Superstore and Level 1&2 Car Park (c.486 car parking spaces): Let on a 150 year lease from 25.12.2005 to McLagan Investments Ltd (t/a Asda) at a peppercorn.
Mill View, George Street (comprising 41 apartments): Let on a 999 year lease from 01.07.2008 to Accord Housing Association Ltd at a fixed ground rent of £1 p.a.
2-10 George Street (comprising 8 retail units): Each subject to a lease for a term expiring 30.06.3007. Ground rent totalling £8 p.a.
Note
The Freeholder retains the right to manage & insure the property.
VAT is applicable to this lot.
Auction Surveyor: Stuart Mackay
Contact: /
producing £75,009 P.A.
More information
Listed by
Strettons Auctions - Commercial
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