Property overview

International House, Stafford Park 11, Telford, TF3 3AY

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Aug 2014

Franck-Steier Price has recently completed the acquisition of an industrial and office investment on Stafford Park 11, Telford.

The property occupies a prominent 7.6 acre site at the entrance into Stafford Park, just off Junction 4 of the M54.

Acting on behalf of Karlin Real Estate, the investment was bought for a net figure of £6,100,000.

The property comprises a 101,386 sqft high bay distribution unit let to Simmonds Transport until December 2021 and a separate three storey office building of 27, 298 sq.ft let to Cap Gemini until July 2017.

The purchase reflected an initial yield of 11.16%. B8 Real Estate represented the vendor.