A busy November results in another Industrial Sale

Following instructions from Mercia Real Estate, Burley Browne are delighted to announce the sale of 4 Tanneries Close off Power Station Road in Rugeley which reflects a yield of approximately 7%.

The property was offered to the market as a freehold investment opportunity and was subject to an occupational lease to Midland & General Scaffolding Ltd at a passing rent of £45,000 per annum exclusive, with an unexpired lease term of approximately 3 years.

The premises extend to 6,128 sq ft and offered the rare opportunity to acquire industrial premises with the benefit of a secure yard.

Ben Nicholson, Senior Associate Director, comments “The sale was a pleasing result for our client and follows the success of the disposal of the neighbouring site last year. The location remains popular and is reinforced by the more recent development which has seen the introduction of a Tesco Superstore, KFC Drive-Thru and Aldi Supermarket to compliment the already well-established occupiers nearby including Screwfix, Toolstation and Howdens.”

Burley Browne is one of the West Midlands leading independent commercial property consultants and provide a comprehensive range of commercial property services to a wide variety of clients, which include private individuals and small businesses through to pension funds, banks, property investors and multinational companies.

From its Sutton Coldfield head office, Burley Browne is unique in providing knowledge and experience across a wide range of sectors by Chartered Surveyors specialising in each discipline and covering the greater Birmingham, Staffordshire and Black Country areas including Sutton Coldfield, Lichfield, Tamworth and Walsall whilst also serving clients across the UK.

Please visit www.burleybrowne.co.uk for more information or email us enquiries@burleybrowne.co.uk

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Andrew Dixon and Co acted as joint agents.