Paintwell, Salwarpe Business Park, Salwarpe Road, Droitwich Spa, WR9 9BH
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£651,000
Sep 2022
Atlas Real Estate, has successfully disposed a prime trade counter unit in Droitwich on behalf of a private developer.
The property is located on the newly developed Salwarpe Business Park and comprises a terraced trade counter unit, built to a high specficiation and extending to 3,414 sq. ft.
The property is let to Paintwell Ltd on a new 10 year lease with a tenant option to break the lease on expiry of the 5th year. The commencing rent is £35,679 per annum.
The property was sold for £651,000 reflecting a net initial yield of 5.21%.
Mark Atkins Associates represented the purchaser.
