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.