Details

Manders Industrial Estate, Wolverhampton, WV1 2RP

Guide Price

£1,500,000

Floor Area (Max)

2 acres (0.8 hectares)

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.

Location

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.

Accomodation

Site Area - 2 acres

Rating

TBC

Terms

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.

Contact Details

Harvey Pearson
01384 374 888
hp@hexagoncommercial.co.uk