Investments / Wickes, Hall Green, Birmingham
Eskmuir have bought the Wickes, Hall Green, Birmingham for £6.9 million, which shows an initial yield of 6.1%.
The property is a prime solus retail warehouse unit of 26,110 sq ft. It is located directly opposite a Tesco Express foodstore and Hall Green train station.
It is let to Wickes for a further 6.25 years and produces a rent of £445,500 pa, equating to £17.06 psf.
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Price: £6.9 million
Type: Investment purchase