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

November 2019

Units C, E & F, Stafford Park 6, Telford, TF3 3AT

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under offer

Located directly east of Telford town centre and within a mile of J4 and M54.  The property comprises three modern detached industrial units located on Telford’s principal industrial park, Stafford Park.  The properties extend to a total area of 211,038 sq.ft and are fully let to three tenants with a WAULT of 7.69 years to expiries and 6.66 years to breaks.  Total rent of £980,980 per annum (low average rent of £4.65 per sq.ft).  Offers sought in excess of £14,000,000 which reflects a net initial yield of 6.57%, a reversionary yield of 7.06% based off ERV and a low capital value of £66.34 per sq.ft.