Property overview

Units 10-13 Propect Drive, Britannia Enterprise Park, Lichfield, WS14 9UX

sold

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£1,075,000
Feb 2014

Acting on behalf of Marchmont Atlas, Franck-Steier Price has concluded the sale of this industrial/trade unit estate investment.

The estate totalled 14,911 sqft in four units. All the units on the estate were let. The total passing rent was £92,527 per annum.

The purchaser was a private property company, who paid a price of £1,075,000, reflecting a net initial yield of 8.14%. Gerald Eve acted for the purchaser.