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2 Birchfield Way 3,788 SF Retail Building Walsall WS5 4LG $600,609 ($158.56/SF) 7.78% Cap Rate
INVESTMENT HIGHLIGHTS
- Within a predominantly residential area approx. 2 miles south of central Walsall
- The town benefits from good access to the national motorway network, lying adjacent to the M6 motorway (Junctions 8, 9 and 10)
- Walsall Train Station provides regular services to Birmingham New Street (from approximately 22 minutes)
EXECUTIVE SUMMARY
The property is situated within a predominantly residential area approx. 2 miles south of central Walsall. It occupies a prominent position on the corner of Birchfield Way & Redwood Road, close to Yew Tree Primary school and the Community Centre.
Entirely let to Buds Ltd (t/a The Old Station Nursery) on a 25 year lease expiring 2049 (1) with 2x Parent Company Guarantee.
Entirely let to Buds Ltd (t/a The Old Station Nursery) on a 25 year lease expiring 2049 (1) with 2x Parent Company Guarantee.
PROPERTY FACTS
Sale Type
Investment
Sale Condition
Auction Sale
Property Type
Retail
Tenure
Freehold
Property Subtype
Day Care Center
Building Size
3,788 SF
Building Class
B
Year Built
1970
Price
$600,609
Price Per SF
$158.56
Cap Rate
7.78%
NOI
$46,727
Tenancy
Single
Building Height
2 Stories
Building FAR
0.76
Lot Size
0.11 AC
AMENITIES
- Corner Lot
1 1
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2 Birchfield Way
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