- Opportunity to acquire a brand new industrial / warehouse investment on an established business park.
- Very well located at Hortonwood West in the thriving town of Telford.
- Two recently constructed semi-detached industrial units of steel portal frame construction with metal cladding and dedicated yard and parking areas extending to approximately 38,875 sq. ft.
- Let on FRI terms to China Enterprise UK Limited and guaranteed by CEL Group (Holdings) Ltd on a new 10 years lease from 17th March 2022 without break at a rent of £236,875 per annum equating to £5.94 per sq ft.
We are instructed to seek offers in excess of £4,500,000 (Four Million Five Hundred Thousand Pounds) subject to contract and exclusive of VAT. This reflects a net initial yield of 4.94% after allowing for purchasers’ costs of 6.57% and £112.85 per sq. ft.