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.
The passing rent is £240,000 per annum (£6.26 per sqft) which was agreed at the March 2025 rent review. Based on an ERV of £6.50 per sq ft there is a reversion to £250,000 per annum.
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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