Vantage One, Vantage Point, Lichfield Road, Aston, BirminghamMake an enquiry
Franck-Steier Price Ltd (FSP) has recently completed the acquisition of a prime Birmingham distribution warehouse for Halesowen based A&J Mucklow. The unit occupies a prominent position on the A5127 Lichfield Road, just north of Birmingham city centre.
The 34,290 sqft warehouse was built in 1997 and let to The BSS Group on a 25 year term from February 1997. The lease has 5 yearly rent reviews. There is also a tenant break option in February 2012. The passing rent is £195,000 per annum.
The investment was purchased for £1,900,000 which reflected a net initial yield of 9.70%.
The property was purchased directly off the British Real Estate Fund.