Property overview

Unit J, Key Industrial Park, Wednesfield, WV13 3YA

sold

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£885,000
Jul 2018

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%.