The property is located directly to the east of Telford town centre and within a mile of J4 of M54. The property is a detached industrial unit on Telford’s premier industrial park extending to 10,157 sq.ft. Let on a 25 year lease from 25 March 1997 to Ammeraal Beltech Ltd at a rent of £50,000 per annum (£4.92 per sq.ft). ERV £53,325 per annum (£5.25 per sq.ft). Offers sought in excess of £680,000 which reflects a net initial yield of 7.00% with a reversionary yield of 7.47%.
Franck Steier Price has recently completed the sale of a single let industrial investment on behalf of Paloma Capital.
The property is located just off J4 of M54 on the established Stafford Park estate. Nearby trade counter operators include Jewsons, City Plumbing, Denmans & CEF.
The 1990’s detached unit has an eaves height of 6m and sits on a site of 0.48 acres. The unit extended to 10,157 sqft.
The unit is let to Ammeraal Beltech Ltd on a 25 year lease from 25 March 1997. The lease has an outstanding rent review from 2017. The current rent is £50,000 per annum (£4.92 per sqft).
The property was sold to a private investor for £685,000 which reflected an initial yield of 6.93%. Wiggins Lockett Thompson acted for the purchaser.