Old Hall Trading Estate, Field Road, Bloxwich, Walsall, WS3 3HJ
AP Investment has concluded the sale of a multi-let industrial estate in Bloxwich, Walsall on behalf of a private client.
The 20 unit multi-let industrial estate predominantly comprises starter units totalling 62,661 sq ft on an overall site of 2.14 acres.
The estate is fully let, with the average length of occupancy of the current tenants of 7.2 years. The total rent is £232,824 per annum (average current rent of £4.69 per sqft).
ERV is £274,345 per annum, showing an increase of almost 18% from the passing rent.
The property was sold for £3,175,000 which reflects a net yield of 6.89%. It was purchased by private clients of BSB.
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