Peppermill Interiors, Unit 6 Chase Park Industrial Estate, Ring Road, Burntwood Business Park, Burntwood, WS7 3JQ
Franck Steier Price has recently completed the sale of a single let industrial investment on behalf of a property company client.
The property is located on the established Burntwood Business Park just north of the A5 and M6 Toll.
The property comprises a detached industrial unit dating from the 1970’s which is arranged in four bays and extends overall to 36,938 sqft.
The property is let to Peppermill Antiques Ltd on a 5 year term from July 2015. The passing rent is £131,250 per annum reflecting £3.55 per sqft.
The property was sold to a private property company client of Andrew Dixon & Co for £1,727,000 which reflects a yield of 7.16%.