Unit 1 First Avenue, Maybrook Industrial Estate, Minworth, Birmingham, B76 1BA
Franck-Steier Price has recently completed the sale of a detached industrial unit investment on behalf of Brookshire Capital, having acquired it for them four years prior.
The unit lies at the front of Maybrook Industrial Estate in Minworth, just off the A38.
The 1980’s industrial building comprised 44,742 sqft of warehouse and integral offices plus an additional 8,893 sqft of mezzanine areas.
The property is let on a lease to Net Lynk Direct until February 2027. The passing rent is £234,730 per annum (only £5.25 per sqft) with an open market review in 2022.
The property was sold for £4,000,000 which represents a net initial yield of 5.51%.
Fulwell Capital acted for the purchaser.