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Crystal Dr 1,954 SF Industrial Condo Unit Offered at $466,502 CAD in Smethwick B66 1RB
Investment Highlights
- Established commercial location
- The estate is located about 5 miles to the north west of Birmingham City Centre
- Crystal Drive enjoys direct access on to Spon Lane South and the A457 Birmingham Road/Oldbury Road
Executive Summary
The site and premises are situated on ‘Ash Court’ forming part of the ‘Sandwell Business Park’ on Crystal Drive between Smethwick and Oldbury, in an established commercial location attractive to small & medium sized businesses. Crystal Drive enjoys direct access on to Spon Lane South and the A457 Birmingham Road/Oldbury Road dual carriageway which in turn links to Junction 2 of the M5 Motorway to the west (2.5 miles) or Junction 1 of the M5 Motorway to the north east (2 miles). The estate is located about 5 miles to the north west of Birmingham City Centre and about 4 miles to the east of Dudley Town Centre.
1 Unit Available
- Unit
- Unit Size
- Condo Use
- Price
- NOI
| Sale Type | Investment | Tenure | Long Leasehold |
| Cap Rate | 7.00% |
| Sale Type | Investment |
| Cap Rate | 7.00% |
| Tenure | Long Leasehold |
Description
The property comprises of a self-contained end of terrace unit of steel frame construction with brick and block work elevations, reinforced concrete floor, beneath a mono-pitch roof with insulated profile steel sheet covering incorporating translucent light panels.
Access is via either a pedestrian door or the main roller shutter door (3m x 3m). Internally the warehouse benefits from strip fluorescent lighting and a gas fired blower heater.
Additionally, there is a fitted office which has a suspended ceiling incorporating recessed lighting, and wall mounted air conditioning. Separately there is a small kitchenette area and both male and female toilet facilities to the rear of the property.
To the front of the premises is a tarmacadam surfaced parking and loading area.
Metered 3 phase electricity, gas, water, and drainage are all connected to the premises.
The agent has not tested any apparatus, equipment, fixtures, fittings, or services and so cannot verify they are in working order or fit for their purpose.
Access is via either a pedestrian door or the main roller shutter door (3m x 3m). Internally the warehouse benefits from strip fluorescent lighting and a gas fired blower heater.
Additionally, there is a fitted office which has a suspended ceiling incorporating recessed lighting, and wall mounted air conditioning. Separately there is a small kitchenette area and both male and female toilet facilities to the rear of the property.
To the front of the premises is a tarmacadam surfaced parking and loading area.
Metered 3 phase electricity, gas, water, and drainage are all connected to the premises.
The agent has not tested any apparatus, equipment, fixtures, fittings, or services and so cannot verify they are in working order or fit for their purpose.
Sale Notes
Long Leasehold – 250 years from 24th August 2004 at a peppercorn rent.
Let to Evolution Cooling Ltd on a full repairing and insuring (FRI) lease for a term in expiring 29th November 2028 at a rent of £17,500 per annum exclusive. Tenant break option 31st May 2027. Tenant has been in occupation of the premises since November 2020.
Tenant is in the process of relocating so there may be an opportunity to obtain early possession subject to agreement between the parties.
Evolution Cooling Ltd – Established in May 2019, are given a CreditSafeUK rating of B52.
Key Financials:-
Shareholder’s Funds -
I 2026: £345,058 I 2025: £223,771 I 2024: £217,588 I
Evolution Cooling support UK manufacturers with engineered chiller solutions, structured maintenance and rapid-response breakdown support. Source: https://evolution-cooling.com/
Let to Evolution Cooling Ltd on a full repairing and insuring (FRI) lease for a term in expiring 29th November 2028 at a rent of £17,500 per annum exclusive. Tenant break option 31st May 2027. Tenant has been in occupation of the premises since November 2020.
Tenant is in the process of relocating so there may be an opportunity to obtain early possession subject to agreement between the parties.
Evolution Cooling Ltd – Established in May 2019, are given a CreditSafeUK rating of B52.
Key Financials:-
Shareholder’s Funds -
I 2026: £345,058 I 2025: £223,771 I 2024: £217,588 I
Evolution Cooling support UK manufacturers with engineered chiller solutions, structured maintenance and rapid-response breakdown support. Source: https://evolution-cooling.com/
| Unit | Unit Size | Condo Use | Price | NOI |
| Unit 10 | 1,954 SF | Industrial | $466,502 CAD ($238.74 CAD/SF) | $32,655.16 CAD |
Unit 10
| Unit Size |
| 1,954 SF |
| Condo Use |
| Industrial |
| Price |
| $466,502 CAD ($238.74 CAD/SF) |
| NOI |
| $32,655.16 CAD |
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Map
Unit 10
| Unit Size | 1,954 SF |
| Condo Use | Industrial |
| Price | $466,502 CAD ($238.74 CAD/SF) |
| NOI | $32,655.16 CAD |
| Sale Type | Investment |
| Cap Rate | 7.00% |
| Tenure | Long Leasehold |
| Description | |
|
The property comprises of a self-contained end of terrace unit of steel frame construction with brick and block work elevations, reinforced concrete floor, beneath a mono-pitch roof with insulated profile steel sheet covering incorporating translucent light panels. Access is via either a pedestrian door or the main roller shutter door (3m x 3m). Internally the warehouse benefits from strip fluorescent lighting and a gas fired blower heater. Additionally, there is a fitted office which has a suspended ceiling incorporating recessed lighting, and wall mounted air conditioning. Separately there is a small kitchenette area and both male and female toilet facilities to the rear of the property. To the front of the premises is a tarmacadam surfaced parking and loading area. Metered 3 phase electricity, gas, water, and drainage are all connected to the premises. The agent has not tested any apparatus, equipment, fixtures, fittings, or services and so cannot verify they are in working order or fit for their purpose. |
|
| Sale Notes | |
|
Long Leasehold – 250 years from 24th August 2004 at a peppercorn rent. Let to Evolution Cooling Ltd on a full repairing and insuring (FRI) lease for a term in expiring 29th November 2028 at a rent of £17,500 per annum exclusive. Tenant break option 31st May 2027. Tenant has been in occupation of the premises since November 2020. Tenant is in the process of relocating so there may be an opportunity to obtain early possession subject to agreement between the parties. Evolution Cooling Ltd – Established in May 2019, are given a CreditSafeUK rating of B52. Key Financials:- Shareholder’s Funds - I 2026: £345,058 I 2025: £223,771 I 2024: £217,588 I Evolution Cooling support UK manufacturers with engineered chiller solutions, structured maintenance and rapid-response breakdown support. Source: https://evolution-cooling.com/ |
Property Facts
The following property facts, amenities, and utilities apply to the entire building. Details for individual condo units may vary and are listed in the unit information above.
| Total Building Size | 4,087 SF | Floors | 1 |
| Property Type | Industrial (Condo) | Typical Floor Size | 4,087 SF |
| Property Subtype | Warehouse | Year Built | 1979 |
| Building Class | B | Lot Size | 0.49 AC |
| Total Building Size | 4,087 SF |
| Property Type | Industrial (Condo) |
| Property Subtype | Warehouse |
| Building Class | B |
| Floors | 1 |
| Typical Floor Size | 4,087 SF |
| Year Built | 1979 |
| Lot Size | 0.49 AC |
Amenities
- 24 Hour Access
- Courtyard
- Mezzanine
Utilities
- Lighting
- Water
- Sewer
1 1
1 of 2
Videos
Matterport 3D Exterior
Matterport 3D Tour
Photos
Street View
Street
Map
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Crystal Dr
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