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April 2017

Barracks Road Trading Estate, Llewellyn Close, Stourport on Severn, DY13 9QB

Untitled

sold

The property is located on the Sandy Lane Industrial Estate in Stourport and comprises an eight unit multi-let starter unit industrial estate.  The property is let to six tenants with two units currently vacant.  Total current income £33,260 per annum.  Offers sought in excess of £355,000 which reflects a net initial yield of 9.00% (assuming purchaser’s costs of 3.95%) with a reversionary yield of 11.78% based on the ERV.  Low capital value of £36.73 per sq.ft.

Franck Steier Price has recently completed the sale of a multi let industrial investment on behalf of Dunedin.

The property was located in the established Sandy Lane industrial area on the edge of Stourport on Severn.

The terrace of 8 starter units extended to 9,665 sqft. Six were let to local companies and two vacant.

The combined rent was £33,260, an average of £4.59 per sqft.

The property was sold to a private property company for £400,000 which reflected a yield of 7.98%.

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