Industrial Investment Acquisition – Stafford 15, Telford

Phillips Sutton advise on the acquisition of a multi let industrial estate in Telford on behalf of a private family property company.

Phillips Sutton Associates has recently completed the acquisition of an 85,452 sq ft multi let industrial estate in Telford on behalf of a private family property company.

The estate comprises 15 units, which are fully let producing an income of £327,568 per annum.

The estate was purchased for a price of £3.1m which reflected a net intial yield of 10%.

Knight Frank acted for the vendor, Granite Estates.

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