South Moons Moat Industrial Estate, Redditch, B98 0RA
FSP and Harris Associates has recently completed the sale of a multi-let industrial estate on behalf of Pears Property.
The property is located within the established industrial area of South Moons Moat, Redditch. The property comprises an early 1980s 17 unit industrial estate totalling 141,571 sq.ft.
The property is fully let producing a total income of £722,940 per annum. The property has a WAULT to expiries of 3.52 years.
The property was sold for £11,200,000 which reflected a net initial yield of 6.05%. DTRE represented the purchaser, M7 Real Estate.