Franck Steier Price has recently completed the sale of a single let office investment on behalf of Wulstan Capital.
The property was located in Newton Court, a terraced office development on Pendeford Business Park, located north of Wolverhampton town centre, close to J2 of the M54.
The end terrace unit extended to 2,346 sqft and had 12 car spaces included. The property was let to Nationwide Building Society on a 6 year lease from 23 February 2016. The current rent passing was £23,460 (£10 per sqft).
The property was sold to a private investor for £300,000 which reflected a yield of 7.57%.