Freehold Investment, PR House, Hortonwood 30, Telford, TF1 7ET

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PRIME INVESTMENT OPPORTUNITY
Rare opportunity to acquire a highly reversionary, modern multi let warehouse with offices located in the heart of the West Midlands. Situated on well-established Hortonwood Industrial Estate with excellent access to J5 & J6 of M54. Comprising high bay and low bay warehouse with two-storey office block extending to total of 138,239 sq ft GIA on substantial site of 6.08 ac including expansion land and dedicated car park with 140 car parking spaces. Part let to 4 tenants with current passing rent of £227,420 pa. Approximately 55% of the property is currently vacant offering immediate asset management and income creation opportunities.

We are instructed to seek offers in excess of £4 million for the freehold investment, subject to contract and exclusive of VAT. A purchase at this level reflects a Net Initial Yield of 5.34% assuming purchaser's costs of 6.54%, with a Headline Reversionary Yield in excess of 15%.