Property overview

Norbert Dentressangle Unit, The Freight Terminal, Maybrook Road, Brownhills, WS8 7DG

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£2,636,000
Jan 2015

Franck-Steier Price has recently completed the acquisition of a modern distribution warehouse on Maybrook Road, Brownhills on behalf of Helical Bar plc.

The unit comprises a modern crossed docked distribution warehouse totalling 52,368 sq.ft with 20 dock level and 2 level access loading doors on a site of 3.75 acres.

The property is let to Norbert Dentressangle Transport UK Ltd for a term of 10 years from 15th August 2014.  There is a tenant break option at the 6th year of the term and the passing rental is £230,000 pa.

The property was purchased off market for a price  of £2,636,000 which represents a net initial yield of 8.25%, assuming full costs of purchase of 5.8%. 

Franck-Steier Price acted on behalf of Helical Bar and Andrew Franck-Steier commenting on the deal said “This acquisition  comprises a good modern unit in  a strong Midlands location, let to a major third party logistics operator and it is a key hub for the business.”