Property overview

Widney UK, Plume Street, Aston

sold

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£2,525,000
Aug 2008

Franck-Steier Price have concluded the sale of a 103,787 sq.ft industrial investment on the edge of Birmingham city centre.

The property is located in Aston close to Birmingham city centre and within a mile of J6 of the M6.  The property is let to Widney Uk Ltd on an 8 year lease from 2 May 2004.  The current rent is £250,000 per annum..

The property was sold for £2,525,000 which represented a net initial yield of 9.36%.

Franck-Steier Price acted for Ropemaker Properties.  White Rose acted for the purchaser.