The Sling, Cinderbank, Dudley DY2 9AJ
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.
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