Widney UK, Plume Street, Aston
Franck-Steier Price Ltd (FSP) have concluded the sale of a 103,787 sq.ft industrial investment on the edge of Birmingham city centre.
The property is located in Aston close to Birmingham city centre and within a mile of J6 of the M6. The property is let to Widney Uk Ltd on an 8 year lease from 2 May 2004. The current rent is £250,000 per annum..
The property was sold for £2,525,000 which represented a net initial yield of 9.36%.
Franck-Steier Price Ltd (FSP) acted for Ropemaker Properties. White Rose acted for the purchaser.