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Manders Industrial Estate, Old Heath Road, Wolverhampton

POA
Hexagon Commercial Property, Stourbridge
SIZE

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SECTOR

Land for sale

Key features

  • OPEN STORAGE ON APPROX 2 ACRES
  • PASSING RENT OF £130,000 PER ANNUM
  • LET TO METEK PLC

Description

A rare opportunity to acquire a single let industrial open storage investment. The investment represents a NIY of 8.17%, after taking into account standard purchasers costs. The site equates to approximately 2 acres with the surface being part tarmac, part-crushed stone. The property is fully let to Metek PLC, whose latest audited accounts outline shareholders funds of £3,658,588. Full lease details can be provided on request.
Site Area - 2 acres
The property is located on Old Heath Road within Manders Industrial Estate which is accessed via Wednesfield Road (A4124) to the North and Willenhall Road (A454) to the South. Wolverhampton City Centre lies to the West with Wednesfield Town Centre to the North East. Junction 10 of the M6 Motorway is within 5 miles proximity to the property.
Leasehold
TBC
We are instructed to guide £1,500,000 for the Freehold interest. A purchase at this level represents an attractive land value of £750,000 per acre and a Net Initial Yield of 8.17%, taking in to account standard purchasers costs.

Brochures

Manders Industrial Estate, Old Heath Road, Wolverhampton

Open mapStreet View

NEAREST STATIONS

Distances are straight line measurements from the centre of the postcode
  • Wolverhampton Station0.7 miles
  • The Royal Tram Stop0.8 miles
  • Wolverhampton St George's Tram Stop0.9 miles

About Hexagon Commercial Property, Stourbridge

The Auction House 87/88 St. Johns Road, Stourbridge, DY8 1EH

Previously known and branded as Lex Allan Commercial, Hexagon are a Stourbridge based bespoke Commercial Property Solutions provider trading from the premises of Lex Allan (The Auction House).

Offering Commercial Property services in lettings, sales, acquisitions, management and more in the Stourbridge, Halesowen, Lye, Brierley Hill, Kingswinford, Netherton and surrounding areas.

Having built a strong reputation as Lex Allan Commercial we continue to offer a full range of agency and management services and are retained by both local and regional property investors and National operators.

Our exemplary breadth of Commercial Property experience in the Black Country and surrounding areas means Hexagon are well positioned to offer informed and incisive advice on all commercial property related matters. All of our staff members live within the area's which we cover therefore allowing them to provide informed advice and up to date information.

Notes

These notes are private, only you can see them.

Disclaimer - Property reference 51889.2. The information displayed about this property comprises a property advertisement. Rightmove.co.uk makes no warranty as to the accuracy or completeness of the advertisement or any linked or associated information, and Rightmove has no control over the content. This property advertisement does not constitute property particulars. The information is provided and maintained by Hexagon Commercial Property, Stourbridge. Please contact the selling agent or developer directly to obtain any information which may be available under the terms of The Energy Performance of Buildings (Certificates and Inspections) (England and Wales) Regulations 2007 or the Home Report if in relation to a residential property in Scotland.

Map data ©OpenStreetMap contributors.

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