International House, Stafford Park 11, Telford, TF3 3AY
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£6,100,000
Aug 2019
Acquisition of an industrial and office investment on Stafford Park 11, Telford.
The property occupies a prominent 7.6 acre site at the entrance into Stafford Park, just off Junction 4 of the M54.
Acting on behalf of Karlin Real Estate, the investment was bought for a net figure of £6,100,000.
The property comprises a 101,386 sqft high bay distribution unit let to Simmonds Transport until December 2021 and a separate three storey office building of 27, 298 sq.ft let to Cap Gemini until July 2017.
The purchase reflected an initial yield of 11.16%. B8 Real Estate represented the vendor.
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