Unit 9B, Willow Farm Business Park, Castle Donnington, DE74 2UDMake an enquiry
Franck-Steier Price Ltd (FSP) has recently completed the purchase of an industrial investment on behalf of a private investor.
The property is located on Willow Farm Business Park and comprises a modern semi-detached unit of 1,693 sq.m (18,223 sq.ft).
The property is let to Plant and Consumable Services Ltd for a term of 15 years from May 2002. The current rent is £95,000 per annum. The lease is held on full repairing and insuring terms subject to five yearly upward only rent reviews.
The investment was purchased for £1,100,000 which reflected a net initial yield of 8.16%. The vendor was a private investor represented by Rigby & Co.