St Matthew's Quarter Car Park, George Street, Walsall, West Midlands, WS1 1RS
- PROPERTY TYPE
Commercial Property
- SIZE
Ask agent
Key features
- Freehold
Description
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: /
stuart.
PRODUCING £75,009 P.A.
Viewing Times
Brochures
Legal DocumentsSt Matthew's Quarter Car Park, George Street, Walsall, West Midlands, WS1 1RS
NEAREST STATIONS
Distances are straight line measurements from the centre of the postcode- Walsall Station0.3 miles
- Bescot Stadium Station1.5 miles
- Tame Bridge Parkway Station2.1 miles
Notes
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