Unit E, Stafford Park 12, Telford, TF3 3BJ
Franck Steier Price has recently completed the sale of a single let industrial investment on behalf of Paloma Capital.
The property is located just off J4 of M54 on the established Stafford Park estate. Nearby trade counter operators include Edmundson Electrical, Dulux & Carwood.
The unit is a two bay distribution unit with ancillary offices on a site of 1.81 acres. The unit extends to 42,824 sqft.
The unit was let to Engie Services Ltd on a 10 year lease from March 2013. The current rent is £160,590 per annum (£3.75 per sqft). The lease had a Schedule of condition dating from 2012.
The property was sold to a private investor for £2,244,000 which reflected an initial yield of 6.73%.