Mahle GMbH, Halesfield 25, Telford , TF7 4LP, Shropshire, West Midlands
226,475 sq ft well located industrial/warehouse
Fully Let to Mahle Filter Systems UK Limited for a term of 10 years on a full repairing and insuring lease
Passing rent of £740,000 per annum equating to £3.27 per sq ft.
Site cover of 35%
8.4 years unexpired
6 month rent free period granted from the 5th anniversary of the term, which will be topped up by the vendor.
Net initial yield of 7.7% assuming purchasers costs of 6.68%.
£3.27 Per ft²
Average Weighted lease length