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Car Park, Paddock Lane, Walsall, WS1 2EH
Guide Price : £200,000 plus
HYBRID METHOD OF SALE
Upon Instructions of
- FOR SALE ON BEHALF OF WALSALL COUNCIL
- Former Freehold Car Park
- Approximately 0.217 Hectares (0.537 Acres)
Description
The property comprises a four-storey, concrete-framed multi-storey car park comprises seven levels in total, four on the eastern side and three on the western side. Vehicle access is provided via two entrances from Paddock Lane: the lower western entrance serves level W1 only, while the higher eastern entrance provides access to levels E1 to E3 and W2 to W3. Pedestrian access is available through two entrances located on the north and south elevations of the building.
The site is approximately 0.217 hectares (0.537 acres).
Location
The car park is situated on Paddock Lane in Walsall town centre, offering a highly accessible position for local amenities, retail, and leisure facilities. The location benefits from excellent transport connectivity, with immediate access to the A4148 ring road and close proximity to the M6 motorway, providing convenient links to Birmingham, Wolverhampton, and the wider West Midlands. Public transport options are readily available, with Walsall railway station and multiple bus routes within walking distance. The surrounding area is a mix of commercial and residential uses, making this a strategic site for parking provision or potential redevelopment opportunities.
Tenure
The property is held Freehold and is unregistered.
Planning Authority
Walsall Council - go.walsall.gov.uk
Legal Pack
The purchaser is to make a contribution to the Vendors fees, further details can be found in the Legal Pack.
Bidder Registration
Hybrid Sale – How It Works for You
Our Hybrid Sale combines traditional marketing with an online platform for speed and completion under an auction contract.
Our client is seeking informal Best and Final offers by 18 February 2026 with exchange to take place on 25 February 2026 and completion by 25 March 2026.
1. Register Interest
Register your interest with us so we can keep you up to date with the property you are interested in.
2. Review Information
You will get access to our secure data room with all legal documents to enable you to carry out your full due diligence.
3. Submit Your Bid (By 18 February 2026)
We will confirm a Best Bids deadline which will be 18 February 2026. You will need to include
• Your Bid Amount
• The Buyer Entity
• Your Proof of Funds
4. Secure The Deal (Exchange of Contracts 25 February 2026)
If you are the successful party, you will be sent an email to invite you to ‘Exchange’ on the property on 25 February 2026 and pay a Holding Deposit of £5,000. You will then be required to pay the balance of the 10% deposit and Buyer's Fee of £1,500 plus VAT within 2 days.
5. Complete the Sale (25 March 2026)
Completion will be on 25 March 2026 (20 working days after exchange).
VAT
Refer to the legal documentation
Energy Performance Certificate
No EPC required
Note
Overage
The sale shall be subject to an anti-embarrassment provision, whereby if the purchaser disposes of the property within a period of ten years from the date of completion in a substantially undeveloped condition (not refurbished with less than 20% of the garages or parking spaces let) or without having secured an alternative planning consent, the vendor shall be entitled to receive 50% of any net uplift in value arising from such disposal.
Buy Back
The sale shall also be subject to a buy-back provision, granting Walsall Council the right to repurchase the property at the original sale price (excluding any planning-related uplift), indexed annually in accordance with an agreed price index, in the event that the site has not been developed in a meaningful manner or brought back into beneficial use with the building having been refurbished or 20% or more of the garages or spaces let/occupied, within three years.
Contact
Joint auctioneers
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The successful purchaser will be required to pay the auctioneers administration fee of £1,800 inclusive of VAT on purchases of £20,000 and above and £600 inclusive of VAT for purchases below £20,000. Other additional costs/fees may apply - Click here.
Joint Agent
Office Contact
Vendor
Legal Documents
Log in to view legal documentsAgreement Documents
Additional Documents
Finance Available **
Make an enquirySubject to Contract and Exclusive of VAT © Lambert Smith Hampton January 2026
Disclaimer: Lambert Smith Hampton Group Limited and its subsidiaries, including LSH Property Auctions, and their joint agents if any (“LSH”) for themselves and for the seller or landlord of the property whose agents they are give notice that: (i) These particulars are given and any statement about the property is made without responsibility on the part of LSH or the seller or landlord and do not constitute the whole or any part of an offer or contract. (ii) Any description, dimension, distance or area given or any reference made to condition, working order or availability of services or facilities, fixtures or fittings, any guarantee or warrantee or statutory or any other permission, approval or reference to suitability for use or occupation, photograph, plan, drawing, aspect or financial or investment information or tenancy and title details or any other information set out in these particulars or otherwise provided shall not be relied on as statements or representations of fact or at all and any prospective buyer or tenant must satisfy themselves by inspection or otherwise as to the accuracy of all information or suitability of the property. (iii) No employee of LSH has any authority to make or give any representation or warranty arising from these particulars or otherwise or enter into any contract whatsoever in relation to the property in respect of any prospective purchase or letting including in respect of any re-sale potential or value or at all. (iv) Price or rent may be subject to VAT and any prospective buyer or tenant must satisfy themselves concerning the correct VAT position. (v) Except in respect of death or personal injury caused by the negligence of LSH or its employees or agents, LSH will not be liable, whether in negligence or otherwise howsoever, for any loss arising from the use of these particulars or any information provided in respect of the property save to the extent that any statement or information has been made or given fraudulently by LSH. (vi) In the case of new development or refurbishment prospective buyers or tenants should not rely on any artists’ impressions or architects’ drawings or specification or scope of works or amenities, infrastructure or services or information concerning views, character or appearance and timing concerning availability or occupation and prospective buyers or tenants must take legal advice to ensure that any expectations they may have are provided for direct with the seller or landlord and LSH shall have no liability whatsoever concerning any variation or discrepancy in connection with such matters.
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