Property overview

Unit G&H, Hobart Road, Tipton, DY4 9LE

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£485,000
Jun 2021

Franck-Steier Price have completed the acquisition of a single let industrial investment on the edge of Tipton for a private investor client.

The property comprised a detached industrial unit of 7,406 sqft.

The property is let to MC Building Chemicals (UK) Mueller & Partners on a lease expiring in November 2023. The passing rent is £40,000 – £5.40 per sqft.

The property was purchased for £485,000 which reflected a net initial yield of 7.88%. The vendor was private investor client of Bulleys.