Summary - ASDA, GEORGE STREET WS1 1RS
1 bed 1 bath Commercial Property
**Standout Features:**
- Freehold commercial property with two multi-story car parks totaling approximately 924 spaces.
- Strong rental income of £75,000 per annum, secured for 25 years from May 2025.
- Mixed-use complex includes a superstore and residential apartments.
- Located in a bustling area with excellent public transport links and walkable amenities.
**Potential Concerns:**
- Above-average crime rate in the local area.
- Broadband speeds reported as very slow.
Discover a lucrative investment opportunity in the heart of Walsall with this freehold commercial property located at St Matthew's Quarter Car Park, George Street. This modern facility not only features a substantial car park with approximately 438 spaces, contributing a steady income of £75,000 per annum, but it also benefits from long-term leases with established tenants, including Asda and Accord Housing Association. Just 8 miles from Birmingham, the property's location provides excellent access to major transport routes, making it a prime prospect for rental stability and growth.
This extensive plot invites the possibility for future expansions or enhancements, ideal for investors seeking long-term asset growth. The area is vibrant, catering to young families and students, with a plethora of amenities within walking distance. However, it's important to note the local crime rate is above average and broadband connectivity is slow, factors some may consider when evaluating property efficacy. Positioned for auction, this property presents an exclusive chance to seize a valuable asset—perfect for investors looking to capitalize on increasing demand in Walsall's commercial landscape. Don't miss out on this promising opportunity!
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