Victorian shopping arcade in the Black Country on the market for £4.95 million
Walsall’s historic Victorian Arcade is on the market with a guide price of £4.95 million.
The retail and leisure arcade located between Bradford Street and Lower Hall Lane in Walsall town centre is listed for sale with London based M3M Real Estate.
Sales particulars describe the property as a high yield retail and residential investment opportunity offering “immediate returns and enduring growth prospects”.
The 33,002 sq ft arcade is Grade II listed and features a barrel-vaulted glass roof.
It was designed by architect Jonathon Ellis and built between 1895 and 1897 on the site of the medieval Shambles, a meat market and timber yard, and was originally known as Digbeth Arcade.
Sales particulars describe it as a “thriving retail and leisure destination surrounded by major shopping centres, transport hubs, and high footfall”.
They add: “This investment combines stability from established national tenants with robust residential income and clear upside through redevelopment potential.
“Current net annual income exceeds £570,000, supported by a diversified tenant mix across retail, food, services, and housing. With leases extending to 2035, planned HMO expansion, and new apartment developments, investors can expect strong yields and long-term capital appreciation.”
It was previously listed for sale in 2023 with offers of more than £5.75 million invited.
Interested parties can find out more on rightmove.co.uk or contact M3M Real Estate.
