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Bridgeman St 8,922 SF 100% Leased Industrial Building Walsall WS2 9PG $1,066,948 CAD ($119.59 CAD/SF) 7.25% Cap Rate
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 | $1,066,948 CAD | Lot Size | 0.23 AC |
| Price Per SF | $119.59 CAD | Rentable Building Area | 8,922 SF |
| Sale Type | Investment | No. Stories | 1 |
| Cap Rate | 7.25% | Year Built | 1973 |
| Tenure | Freehold | Parking Ratio | 1/1,000 SF |
| Property Type | Industrial | Clear Ceiling Height | 15’2” (4.62 m) |
| Property Subtype | Service | No. Drive In / Grade-Level Doors | 5 |
| Building Class | C |
| Price | $1,066,948 CAD |
| Price Per SF | $119.59 CAD |
| Sale Type | Investment |
| Cap Rate | 7.25% |
| Tenure | Freehold |
| Property Type | Industrial |
| Property Subtype | Service |
| Building Class | C |
| Lot Size | 0.23 AC |
| Rentable Building Area | 8,922 SF |
| No. Stories | 1 |
| Year Built | 1973 |
| Parking Ratio | 1/1,000 SF |
| Clear Ceiling Height | 15’2” (4.62 m) |
| No. Drive In / Grade-Level Doors | 5 |
Amenities
- Bus Line
- Energy Performance Rating - E
- Automatic Blinds
Utilities
- Gas
- Water
- Sewer
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Bridgeman St
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