Link House, Halesfield 6, Telford TF7 4LN
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High yielding, low capital value, industrial asset management opportunity. Link House, Halesfield 6, Telford.
Located on Telford’s established Halesfield Industrial Estate 3½ miles from J4 & 5 of M54 on a prominent 6.05 acre site at the corner of Halesfield 1 and Halesfield 7 (A4169).
Detached 2½ bay warehouse with separate two storey detached office building with a total floor area of 136,326 sq ft. Dual loading from yards at both northern and southern elevations.
Let to Whittan Industrial Ltd on a full repairing and insuring lease until 16 July 2027.
Future dilapidations settlement to be negotiated.
Tenant has been in occupation 40 years. Rent £770,672 per annum, only £5.65 per sq ft.
Virtual freehold.
Short term asset management and development opportunities:-
- Extend tenant’s occupation short term
- Refurbishment
- Sub division
- Partial redevelopment
- Exploit undeveloped southern part of site
- Create second access from Halesfield 7
We are instructed to seek offers in excess of £7,225,000 (Seven Million Two Hundred And Twenty Five Thousand Pounds) which reflects a net initial yield of 10%, after purchaser’s costs of 6.66%. This is a very low capital value of only £53 per sq ft.
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