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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 Pending
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
Nearby Major Retailers
1 of 7
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2 Birchfield Way
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