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

October 2018

Unit D, Stafford Park 7, Telford, TF3 3BQ

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under offer

The property is located directly east of Telford town centre and within a mile of J4 M54.  The property is a detached industrial unit on Telford’s principal industrial park and extends to 50,488 sq.ft.  Large site with 0.6 acres of expansion/development land to the rear of the unit.  Let for a term of 10 years from 9 June 2017 to Arconic Fastening Systems & Rings Ltd.  Tenant option to break June 2022.  Rent £185,000 per annum (£3.66 per sq.ft).  ERV £239,820 per annum (£4.75 per sq.ft).  Offers sought in excess of £2,485,000 which reflects a net initial yield of 7.00% and a reversionary yield of 9.07%.  Low capital value of £49.22 per sq.ft.