Property overview

Wrap Film Systems, Hortonwood 45, Telford, TF1 7FA

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£6,325,000
Dec 2017

Acting on behalf of Telford & Wrekin Council, Franck-Steier Price & Andrew Dixon & Co have recently concluded the acquisition of a modern industrial unit investment on Hortonwood 45.

The 1995 built industrial unit is the HQ for Wrap Film Systems and comprises a 125,000 sqft unit on a 8.5 acre site.

The property was let to Wrap Film Systems Ltd until July 2021 at a passing rent of £490,000 per annum.

The property was purchased by the local Council, who paid £6,325,000 reflecting a net initial yield of 7.27%.