Commercial Properties For Sale in Telford, Shropshire

The subject property comprises a bespoken frozen food facility constructed in the 1980's which includes two storey offices and a cold store. The premises are situated within a secure gated site with perimeter fencing within Stafford Park Industrial Estate in Telford.

Investment Summary: Located on Stafford Park, one of Telford's primary industrial estates Excellent transport links via M54 Motorway, providing ample access across the West Midlands Extending to approximately 29,887 sqft of warehouse 6.4m working height and 2 level access doors, with shared loading yard provision Full Repair and Insuring Terms to Teamson UK Limited for a term of 10 years from 1st June 2023 Passing rent of £190,000 per annum (£6.35 per sqft). ERV thought to be in excess of £7 per sqft Tenant only break clause provision on 1st June 2028 Rent review on 1st June 2028 to the greater of Open Market Rent or CPI 2%-4% annually compounded Approximately 6.88 years to expiry and 1.88 years to break Investment value underpinned by vacant possession value Offers in excess of £2,350,000 (Two Million Three Hundred and Fifty Thousand Pounds) subject to contract and exclusive of VAT, reflecting a net initial yield of 7.60% and a capital value of £78.63 per sqft when allowing for usual purchaser costs. Location: Telford is located in the heart of the UK and is one of the top five fastest growing towns in the country with a population expected to hit 200,000 by 2034 (ONS,2024). Telford is 33 miles north-west of Birmingham, 30 miles south-west of Stoke-on-Trent, and 15 miles east of Shrewsbury. Road access is excellent with junctions 4 and 5 of the M54 close by, providing quick access to the M6 and the wider Midlands Motorway network. Telf

New Industrial / Logistics Warehouse Units at Hortonwood 45, Telford

Detached two-storey showroom building extending to approximately 1,396 sqft (129.6 sqm) with off-street customer parking.