Pinnacle Point

Stafford Road, Wolverhampton WV10 7EL
Sold
Pinnacle Point
Stafford Road, Wolverhampton WV10 7EL

MK2 has successfully sold a privately owned multi-let industrial estate, prominently positioned just off Junction 2 of the M54 motorway.  The freehold property extends to 12.5 acres in total and comprises 155,889 sq ft of industrial accommodation in 15 buildings together with extensive storage yard areas.  Virtually fully let to 6 tenants and producing a rent of £853,400 per annum. Rents range from £3.76 to £6.17 per sq ft on the industrial accommodation with a WAULT of 2.30 years.  The details of transaction remain confidential however the original quoting price was £11,750,000 reflecting a  net initial yield of 6.81% and a reversionary yield of 7.60%.

Downloads

Click below to download the sales particulars:

Further Information

If you would like any further information on the above property please get in touch with us.
Get in touch

Subscribe to the MK2 mailing list:

MK2 Real Estate | 57 Cornwall Street |  Birmingham | B3 2EE

© MK2 Real Estate 2021. All Rights Reserved. Site by Diablo

usersdownload linkedin facebook pinterest youtube rss twitter instagram facebook-blank rss-blank linkedin-blank pinterest youtube twitter instagram