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Bridgeman St 8,922 sq ft 100% Let Industrial Property Walsall WS2 9PG £575,000 (£64.45/sq ft) 7.25% Net Initial Yield
Investment Highlights
- Town centre and train station are directly to the east as Bridgeman Street leads into the retail centre
- Has a strong presence of industrial property including estates such as Walsall Enterprise Park
- Other trade operators along Bridgeman Street include Denmans, Car Spare Distribution, Toolbase
Executive Summary
The property extends across three bays and has profile sheet cladding on the brick elevations under a steel profile sheet roof.
The unit was substantially refurbished in 2015 as part of subdivision works with the adjoining Unit 2. Works included new cladding, new roller shutter door, relined gutters and internal redecoration.
The unit has a single roller shutter door to the front elevation and an eaves height of 3.60m. There is a Licence to Alter from August 2015 which documented the tenant fit out.
The works were non structural and primarily involved the addition of new heating and lighting in part and a customer trade counter area at the front of the unit.
There are 8 car parking spaces to the front of the unit accessed directly off Bridgeman Street
The unit was substantially refurbished in 2015 as part of subdivision works with the adjoining Unit 2. Works included new cladding, new roller shutter door, relined gutters and internal redecoration.
The unit has a single roller shutter door to the front elevation and an eaves height of 3.60m. There is a Licence to Alter from August 2015 which documented the tenant fit out.
The works were non structural and primarily involved the addition of new heating and lighting in part and a customer trade counter area at the front of the unit.
There are 8 car parking spaces to the front of the unit accessed directly off Bridgeman Street
Property Facts
| Price | £575,000 | Total Plot Size | 0.23 ac |
| Price per sq ft | £64.45 | Net Internal Area (NIA) | 8,922 sq ft |
| Sale Type | Investment | No. Floors | 1 |
| Yield | 7.25% | Year Built | 1973 |
| Tenure | Freehold | Parking Allocation | 1/1,000 sq ft |
| Property Type | Industrial | Eaves Height | 15 ft 2 in (4.62 m) |
| Property Subtype | Service | No. Drive In / Grade-Level Doors | 5 |
| Costar Property Class | C |
| Price | £575,000 |
| Price per sq ft | £64.45 |
| Sale Type | Investment |
| Yield | 7.25% |
| Tenure | Freehold |
| Property Type | Industrial |
| Property Subtype | Service |
| Costar Property Class | C |
| Total Plot Size | 0.23 ac |
| Net Internal Area (NIA) | 8,922 sq ft |
| No. Floors | 1 |
| Year Built | 1973 |
| Parking Allocation | 1/1,000 sq ft |
| Eaves Height | 15 ft 2 in (4.62 m) |
| No. Drive In / Grade-Level Doors | 5 |
Amenities
- Bus Route
- EPC - E
- Roller Shutters
Utilities
- Gas
- Water
- Sewer
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Bridgeman St
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