Franck Steier Price has recently completed the acquisition of a new trade park unit on behalf of Forge House Estates.
The unit sits on a highly prominent self contained site and totals approximately 4,665 sq.ft.
The property is let to Screwfix Direct Limited for a term of 10 years at a rent of £50,000 per annum and subject to a rent review at year 5.
The purchase price was £775,000 which reflects a net initial yield of 6.12%.
The development was carried out by Tungsten Developments who were unrepresented.