Wrap Film Systems, Hortonwood 45, Telford, TF1 7FA
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£6,325,000
Dec 2019
The acquisition of a modern industrial unit investment on Hortonwood 45, acting on behalf of Telford & Wrekin Council, working jointly with Andrew Dixon & Co.
The 1995 built industrial unit is the HQ for Wrap Film Systems and comprises a 125,000 sqft unit on a 8.5 acre site.
The property was let to Wrap Film Systems Ltd until July 2021 at a passing rent of £490,000 per annum.
The property was purchased by the local Council, who paid £6,325,000 reflecting a net initial yield of 7.27%.
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