St Matthew’s Quarter Car Park, George Street, Walsall WS1 1RS
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Town centre investment & asset management opportunity.
2005 built multi storey car park situated in Walsall town centre.
The freehold site extends to 1.75 hectares (4.30 acres) and comprises four main
elements:-
• Four level multi storey car park with c. 924 spaces. (Two floors sold on long leasehold basis to Asda)
• Asda superstore
• Residential block comprising 41 apartments
• Ground floor retail terrace of 8 units (totalling 5,875 sq ft)
The Asda superstore, residential apartments and retail parade are all sold on long leaseholds.
Levels 3 & 4 of the car park are currently managed by Euro Car Parks Ltd.
Current annual income generated from car park of £48,491 (2022 figures).
Asset management opportunities & redevelopment angles.
We are instructed to seek in excess of £350,000 (Three Hundred & Fifty Thousand Pounds) for the freehold interest.
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