Property overview

Wrap Film Systems, Hortonwood 45, Telford, TF1 7TA

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Jul 2013

Acting on behalf of a property company client, Franck-Steier Price Ltd (FSP) & Andrew Dixon & Co have recently concluded the sale of a modern industrial unit investment on Hortonwood 45.

The 1995 built industrial unit is the HQ for Wrap Film Systems and comprises a 125,000 sqft unit on a 15 acre site.

The property was let to Wrap Film Systems Ltd until July 2021 at a passing rent of £435,000 per annum.

The property was purchased by a private investment company, who paid £4,400,000 reflecting a net initial yield of 9.34%.