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Hortonwood 30, Telford, TF1 7LL
64,867 Sq Ft / Industrial
Withdrawn - Last updated: 22 July 2024
- Hortonwood is an established industrial location to the north of Telford town centre, with quick and easy access onto the M54 motorway.- The property is a well configured and maintained distribution facility.- Total gross internal floor area of 6,026.3 sq m (64,867 sq ft).- Let to AVF Holdings Limited for a further 6 years.- Long leasehold tenure being 999 years from 16 October 1998 at a peppercorn rental.- The property currently produces a rental of £261,160 per annum reflecting £4.03 per sq ft.- We are seeking offers in excess of £1,975,000 (ONE MILLION NINE HUNDRED AND SEVENTY FIVE THOUSAND POUNDS), subject to contract, reflecting an attractive initial yield of 12.5%, net of 5.8% purchasers costs. This price also reflects a low capital value of only £30.45 per sq ft.
Location
Hortonwood 30, Telford , TF1 7LL, Shropshire, West Midlands
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