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2 Birchfield Way 3,788 sq ft Retail Property Walsall WS5 4LG £450,000 (£118.80/sq ft) 7.78% Net Initial Yield
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
Child Care Centres / Nursery
Property Size
3,788 sq ft
Costar Property Class
B
Year Built
1970
Price
£450,000
Price per sq ft
£118.80
Yield
7.78%
NOI
£35,010
Tenancy
Single
Number of Floors
2
Plot ratio
0.76
Total Plot Size
0.11 ac
AMENITIES
- Corner Lot
1 1
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2 Birchfield Way
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