Plans announced to sell a parade of town centre retail units at multi-million pound scheme in Walsall

Property investment and development company, Goold Estates has announced plans to sell a parade of town centre retail units at a multimillion pound scheme in Walsall.

Acting on behalf of Goold Estates, Burley Browne have been instructed to market five self-contained retail units each offering 711 sq ft of modern retail space on George Street, to the southern end of Walsall High Street.

The units are part of a parade of eight similarly styled premises that are immediately adjacent to the Asda Superstore and opposite the site of Walsall Studio School and the new The Ladder School.

The properties can be purchased individually or as a combination of units, and are ready for immediate occupation.

George Street lies within the £50 million St. Matthew’s Quarter retail and leisure scheme, which was developed by Norton and Proffitt Developments, a joint venture between St. Modwen and Goold Estates, which ended in 2021.

The development has transformed Walsall’s historic high street, delivering the UK’s largest town centre Asda, a 1,000 space multi-story car park, 41 new apartments at Shannon’s View and the £2.7 million Goldmine youth training centre in Lower Hall Lane.

In addition, St. Matthew’s Quarter encompasses over 70,000 sq ft of retail and leisure space, with existing occupiers including B&M and Poundland.

Anthony Williams, property director at Goold Estates, said: “We’re hugely proud to have delivered the regeneration of the southern end of Walsall High Street, in partnership with St. Modwen. We’ve worked together for more than 15 years to develop St. Matthew’s Quarter into a vibrant retail destination. It’s exciting to see the continued investment in the area with the recent £3 million refurbishment of Asda and the impending completion of The Ladder School and Walsall Studio School extension.

“However, with the development completed, the time was right to wind up the joint venture and we now wish to sell the retail units. As a business we have disposed of several legacy properties in recent years and the sale of the George Street shopping parade will allow us to focus on other development and acquisition opportunities across the West Midlands.”

David Hemming, retail director at Burley Browne who have been appointed to market the properties, said: “We are delighted to be offering these modern retail units in the heart of Walsall town centre. Five individual units ready for immediate occupation are being offered for sale and with an asking price of £110,000 per unit. This provides a rare and excellent opportunity for owner occupiers or local investors to secure town centre property at an affordable price. The units are suitable for a range of uses, including retail, beauty and professional services and we are anticipating a strong level of demand.”

For more information on this, please click here or alternatively, please contact David Hemming or Will Richardson of Burley Browne, on 0121 321 3441.