Frank-Steier Price Ltd. Leading niche commercial property investment practice Logo for Midlands Property Awards 09

October 2018

Unit 22, Stafford Park 17, Telford, TF3 3DG

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under offer

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%.