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

November 2019

Unit E, Stafford Park 12, Telford, TF3 3BJ

Screenshot 2019-11-12 at 17.04.35

Located directly east of Telford town centre and within a mile of J4 of M54.  The property comprises a detached industrial unit on Telford’s principal industrial park of Stafford Park.  The property extends to 42,824 sq.ft and is let on a 10 year lease from March 2012 to Engie Services Ltd at a rent of £160,590 per annum (low rent of £3.75 per sq.ft).  Estimated rental value of £214,120 per annum (£5.00 per sq.ft).  Offers sought in excess of £2,160,000 which reflects a net initial yield of 7.00%, a reversionary yield based on the ERV of 9.32% and a low underlying capital value of £50.44 per sq.ft.