Smiths News Trading, Javelin Park, Wednesbury, WS10 7ND
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£4,800,000
Aug 2023
Atlas Real Estate has recently advised Columbia Threadneedle on the acquisition of a freehold cross-docked distribution warehouse on Javelin Park, Wednesbury.
The property totals 40,138 sq.ft and is let to Smiths News Trading Limited on a lease expiring July 2025 at a current passing rent of £285,000 per annum. The unit benefits from 13 level access loading doors, substantial canopies and yard areas to all sides of the property.
The property was acquired for £4,800,000 which reflects a net initial yield of 5.57%, a reversionary yield of 6.67% and a capital value of £119.50 per sq.ft.
Atlas RE acted for the purchaser Columbia Threadneedle and Stonehill acted for the institutional vendor.
