Property overview

Edmundson Electrical, Bentley Green, Darlaston, WS2 0WB

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Jul 2010

Franck-Steier Price Ltd (FSP) have recently aquired two adjoining industrial units, let to Edmundson Electrica,l on behalf of a private investor.

The properties are located close to Junction 10 of the M6 motorway. Constructed in 1998 and extened in 2008 the properties total 1,085 sq.m (11,689 sq.ft).

Both units are let to Edmundson Electrical Ltd for a term of 15 years from 29 September 2008. The total income is £73,040 per annum.

The purchase price of £953,000 per annum reflected a net intial yield of 7.25% assuming costs of 5.7625%. The vendor was represented by White Rose.