Property overview

Factory P, Park Lane, West Bromwich, B21 8LE

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Oct 2016

Acting on behalf of a private client, Franck-Steier Price Ltd (FSP) has acquired this single let industrial investment on the edge of West Bromwich, under 0.5 miles from J1 of the M5.

The property comprises 1970’s industrial unit of 5,862 sqft.

The property is let to G4S Cash Solutions (UK) Ltd for a term of 5 years from June 2016. The current rent passing is £25,000 per annum (£4.26 per sqft). The tenant has options to break at 2nd & 3rd years.

The investment was purchased for £302,300, reflecting a net initial yield of 8%. Collingwood Rigby acted for the vendor.