Wrekin Sheetmetal, Unit A, Stafford Park 18, Telford TF3 3DJ
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Single let industrial investment, Stafford Park 18, Telford. Located directly east of the town centre and within a mile of J4 of M54.
The property is a mid 1980’s two bay detached unit on prominent self contained site.
The unit extends to 3,562 sqm (38,339 sqft) on a Gross Internal Area basis. The overall site extends to 1.02 hectares (2.47 acres)
and only 35% site cover.
10 year lease from March 2020 to Wrekin Sheet Metal Ltd. Tenant has occupied the unit for over 13 years.
We are instructed to seek offers in excess of £2,910,000 (Two Million Nine Hundred & Ten Thousand Pounds) subject to contract and exclusive of VAT.
A purchase at this price would reflect a net initial yield of 7.75%, assuming costs of purchase of 6.45%. Based on our ERV there is a reversion to 8.07%. The underlying capital value is below £76 per sq ft and vacant possession value.
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