Landmark former BHS department store in Walsall town centre set for auction from £1.2 million

A landmark former department store in the heart of Walsall town centre is set to go under the hammer in Bond Wolfe’s next auction, with a guide price* of £1.2 million.

The substantial 36,000 sq ft property at 71-75 Park Street, once home to British Homes Stores (BHS), closed in 2016 and is now largely vacant. Part of the ground floor is currently let to a number of small traders on flexible licence agreements, producing attractive rents of approximately £168,000 per annum.

The property will appear in Bond Wolfe’s livestreamed auction on Thursday 11 September, starting at 8.30am.

Walsall is currently in the middle of a £1.5 billion regeneration programme that will see the creation of more than 1,000 new homes and 4,000 jobs, transforming the town centre.

Ian Tudor, commercial auction director at Bond Wolfe, said:

“This is a unique opportunity to acquire a highly versatile, landmark town centre property.

It offers excellent asset management and development potential.

Future uses may include department store, supermarket, discount store, showroom, leisure and entertainment, food court, offices, call centre, educational, training, religious and residential, all subject to any necessary planning permissions.”

The accommodation is arranged across the ground and first floors. There are large void areas to the rear which provide scope for further retail space and the potential to create an additional entrance onto Gallery Square.

The first floor is stripped out and open plan and is considered suitable for a variety of uses, including residential conversion with potential roof terraces/gardens, or even the creation of an additional floor, subject to planning consent.

The premises include six dedicated car parking spaces, with additional rear parking available for purchase at a nominal figure. Vacant possession of the majority of the building, except the parts occupied by current traders will be provided on completion.

This prominent Walsall property is among 207 lots appearing in Bond Wolfe’s next auction which starts at 8.30am on Thursday 11 September.

The auction will be livestreamed via Bond Wolfe’s website with remote bidding by proxy, telephone or internet.

For more details and to register to bid visit https://www.bondwolfe.com/auctions/properties/, email auctions@bondwolfe.com or call 0121 312 1212.

Each property is subject to a reserve price which may be different from the guide price. Please refer to the Important Information and legal pack(s) for further information and any additional fees which may apply.