Unit G, Stafford Park 18, Telford, TF3 3BN
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£2,322,000
Dec 2015
Sale of a well let detached industrial warehouse investment on Stafford Park, Telford.
The well located unit had been refurbished and extended with substantial storage canopies.
The unit has a 8.5m eaves height and two yards and ancillary offices and extends to 42,498 sqft with an additional 16,405 sqft of storage canopies.
The unit is let to Specialist Building Products Ltd on a 10 year lease from December 2014. The current rent is £185,000 per annum with a review in 2018 which has a minimum fixed uplift to £195,000 per annum.
The investment sold for £2,322,000 which reflected a net initial yield of 7.53%, after purchaser’s costs of 5.80%.
The property was purchased by a private client of Harris Lamb.
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