Property overview

The Sling, Cinderbank, Dudley DY2 9AJ

sold

Make an enquiry
£485,000
Jan 2022

AP Investment has successfully completed the sale of a multi-let industrial investment on behalf of Paloma Capital.

 

Located just south of Dudley town centre the multi-let industrial investment fronts onto the A459 and is situated directly east of the Peartree Lane & Narrow Boat Way industrial areas.

 

The three refurbished units totalled 5,609 sq ft.   All three units had recently been let at a combined rent of £33,858 per annum (average – £6.03 per sq ft).

 

The units were purchased by a private investor for £485,000, reflecting a net initial yield of 6.67% and an underlying capital value of £86.50 per sq ft.

 

4D Property acted for the purchaser.

 

View other recent transactions.

 

 

St Pauls Office Investments Retail & Retail Warehousing investments