ONE CRANMORE DRIVE, SOLIHULL
Modern long L/H office investment purchased for Charlton Haynes Limited for £4.8m. The property comprises 38,400 sq ft producing a net rent of £450,962 pa from 5 tenants, giving a yield of 8.81% rising to a potential 10.2% after reviews and renewals. June 2018
THE FOUNDRY, TELFORD
Office investment purchased for private property company for £1.9175m, reflecting a yield of 8.37%. The property comprises 15,800 sq ft and is let to Martin Kaye LLP solicitors for 10 years.
TOPMARK HOUSE, WEDNESBURY
Industrial investment sold on behalf of Fletcher Estates Ltd to a private consortium for £1.625m, reflecting an initial yield of 7.88%. The property comprises 30,615 sq ft and is let to Quantum Print and Packaging at £136,000 pa until 03.12.2023.
71 HIGH STREET, BROMSGROVE
Prime retail investment purchased for private property company for £190,000 reflecting a yield of 9.78%.
3 UNION STREET, SWANSEA
Well located retail investment purchased for Fortdene Ltd for £630,000, reflecting 9.38%. The property is let to Virgin Media at £62,500 pa until 31.08.2021.