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October 2017

Harcourt Trading Estate, Halesfield 13, Telford, TF7 4PL

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under offer

The property is located on Halesfield Industrial Estate and comprises a multi let industrial estate arranged in two terraces.  The property extends to 10 units totalling 67,300 sq.ft.  The property is fully let to seven tenants with a WAULT of 3.09 years to breaks and 4.98 years to expiries.  Total income of £198,602 per annum (low average rent of £2.95 per sq.ft).  Offers sought in excess of £2,334,000 which reflects a net initial yield of 8.00%, a reversionary yield of 9.50% and an underlying capital value of only £34.68 per sq.ft.

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