KWB sells two former police stations for over £2 million
KWB Birmingham commercial property agents have successfully sold two West Midlands’ former police stations, for a combined sale value of £2.27 million.
Acting on behalf of the West Midlands Police and Crime Commissioner, Martin Cook of KWB sold the freeholds of the former police stations in Walsall and in Shirley, Solihull.
Corbally Investments has acquired unconditionally the freehold of the former Walsall Police Station, pictured top-right. Situated on the corner of Green Lane (A34), Blue Lane East and part of Court Way, next door to Walsall Magistrates Court, this former police station is a 36,500 sq ft office building on a 1.6 acre site. It is believed that a new mixed-use development is planned for the site.
MIA Property Group has acquired unconditionally the freehold of the former Shirley Police Station, pictured middle-right. Shirley’s former police station is an 8,042 sq ft office building on a 0.43 acre site, situated on the A34 Stratford Road in Shirley, between Morrison’s supermarket and Dove Tree Court retirement apartments. It is believed that a high-density residential scheme is planned for the site.
The West Midlands Police and Crime Commissioner, David Jamieson, said: “I am delighted that more than £2 million has been raised by the sale of these police stations. Whilst buildings like these were once highly valued, state-of-the-art technology has allowed West Midlands Police to become even more efficient. The money raised from this sale will help me invest in vital police services.”
KWB is currently marketing the former Kingswinford Police Station, pictured above, as a development opportunity, which is particularly ideal for investors and developers considering a residential scheme in the area.
Martin Cook, the Registered Valuer at KWB, pictured bottom-right, said: “There was a high level of interest from a number of potential buyers in both the Walsall and Shirley sites, helping to deliver capital receipts of more than £2.25 million for the Police and Crime Commissioner. We are presently marketing the former police station in Kingswinford, and this too has attracted strong interest.”
For further information on West Midlands development opportunities, including former police stations, contact Martin Cook or Ben Voss Wood at KWB on 0121 233 2330 or email mcook@kwboffice.com or bvoss-wood@kwboffice.com.
