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

May 2018

Unit J, Key Industrial Park, Wednesfield, WV13 3YA

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under offer

The property is located in an established industrial and trade counter area 2.5 miles east of Wolverhampton city centre and 4.5 miles from J10 of M6.  The property comprises a modern end terrace industrial unit extending to 11,052 sq.ft.  Let to HPAS t/a Safestyle UK on a new 10 year lease.  Rent £60,967 per annum (£5.49 per sq.ft).  Offers sought in excess of £885,000 per annum which reflects a net initial yield of 6.52%, assuming purchaser’s costs of 5.66%.