Units 1-5 Vaughan Park, Tipton, Dudley, DY4 7UJ
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£9,050,000
May 2020
Represented LSH Investment Management, on the acquisition of a multi-let industrial estate Units 1-5 Vaughan Park Tipton Dudley DY4 7UJ.
The property comprises a 5 unit scheme extending to 81,198 sq.ft on a wider development that once developed out will provide over 400,000 sq ft of high quality industrial space.
The property is let to 4 tenants with one vacant unit and provides a reversionary passing rent of £562,502 per annum.
The property was acquired for £9.05m which reflects a net initial yield of 5.82%.
The vendor, CEG, was represented by CBRE.
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