Opportunity to acquire a modern industrial / trade park investment in an established and thriving location with excellent rental growth potential.
Located on Stafford Park, two semi-detached modern industrial / trade park units extending in total to 12,000 sq ft with yard and parking areas to the front.
Let on effective full repairing and insuring terms to two tenants at a total rent of £86,574.50 per annum equating to £7.21 per sq ft overall
Reversionary to around £93,000 per annum equating to £7.75 per sq ft.
Freehold.
Offers in excess of £1,150,000 (One Million and One Hundred Fifty Thousand Pounds) reflecting a net initial yield of 7.1%, reversionary yield of 7.6% (assuming purchaser’s costs of 5.9%) and a capital value of £95.83 per sq ft
