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October 2018

Units 8 & 9, Stafford Park 12, Telford, TF3 3BJ

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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 73,140 sq.ft.  Let on a 10 year lease renewal from 27 August 2018 to Denwells Ltd at a rent of £255,474 per annum (£3.49 per sq.ft).  Minimum rental increase at review in August 2023 to £275,848 per annum (£3.77 per sq.ft).  Offers sought in excess of £3,200,000 which reflects a net initial yield of 7.50% with a minimum reversion at review to 8.10%.  Low capital value of £43.75 per sq.ft.

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