Strong’s Plastics, Silica Road, Amington Industrial Estate, Tamworth, B77 4DT
Franck Steier Price has recently completed the sale of a single let industrial unit investment on Amington Industrial Estate in Tamworth for Brookshire Capital.
The two bay industrial unit was developed in the early 1990’s and has an eaves height of 7.0m. There are ancillary two storey offices to the front. There is a side yard and parking to the front.
The unit extended to 21,609 sqft on a site of 1.23 acres which gave a site coverage of only 35%.
The property was let to Strong’s Plastic Products Ltd for a term expiring September 2023. The current rent is £100,000 per annum – £4.91 per sqft.
The property was sold to a private client of Andrew Dixon & Co for £1,550,000 which reflected an initial yield of 6.08%.