St Matthew's Quarter Car Park, George Street, Walsall, West Midlands, WS1 1RS
- 15Days
- 19Hours
- 41Mins
- 54Secs
Property 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 St
+ Read MoreFreehold
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.
PRODUCING £75,009 P.A.
The Freeholder retains the right to manage & insure the property.
VAT is applicable to this lot.
Auction Surveyor: Stuart Mackay
Contact: 020 8509 4447 / 07928 456 982
stuart.mackay@strettons.co.uk
* The Notice to Bidders, which can also be seen on the inside front cover of the hard copy catalogue, includes a definition of Guide Price [section #17] Note that in addition to the purchase price there is a buyer’s administration fee [section #13] and there may be additional non-optional fixed or variable fees and costs [section #8]. To establish the full cost of purchasing a property, please inspect the legal documentation/special conditions. Please also check strettons.co.uk for updates.
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St Matthew's Quarter Car Park, George Street, Walsall, West Midlands, WS1 1RS
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