Hadley Park Service Station and Trade Park, Silkin Way, Telford, TF1 6QJ
Make an enquiry
Atlas Real Estate has recently acted on the disposal of a prime petrol filling station, drive thru outlet and a six unit trade park, on behalf of a property company client.
The property is located on Hadley Park, Telford in close proximity to Horntonwood Industrial Estate, Telford’s most established commercial location.
The property comprises a newly developed petrol filling station, drive-thru outlet and six unit trade park on a site of 4.04 acres.
The petrol filling station and drive thru unit is let to Asda Express Ltd for a further 25 years at a rent of £150,000 per annum. The lease is held on FRI terms with 5 yearly reviews to RPI collared at 2.0% and capped at 4.0% per annum compounded.
The six trade units are let to Brewers, UK Storage, Screwfix and Howdens producing a total income of £175,795 per annum.
The petrol filling station and drive thru outlet was sold to Newcore Capital, represented by Alexander James.
The trade park was sold to UK Storage, represented by Cogent.
The combined price was £5,600,000 reflecting a net initial yield of 5.46%.
