Unit J, Key Industrial Park, Wednesfield, WV13 3YA
Franck Steier Price has recently completed the sale of a well let industrial investment on behalf of Paloma Capital.
The property is located on Key Industrial Park, an established industrial/trade location just off Nechells Lane in Wednesfield.
The property comprised an end terraced unit of 11,052 sqft which had recently been let to HPAS Ltd, t/a Safestyle UK. The company took a 10 year lease from March 2018 at an initial rent of £60,967 per annum.
The property was sold to a private client of CBRE for £970,000 which reflected an initial yield of 5.95%.