Threadneedle Property Funds has acquired the 9,754.5sq m (105,000sq ft) Link One Industrial Estate, at Tipton, Birmingham, for £3.5m from Scandev Properties.
The estate, at George Henry Road, was completed in 1990/91 and comprises 12 units currently producing a total rent of £380,000 pa. This is anticipated to increase to £412,800 pa when a vacant unit is let, producing a yield of 11.5%.
Bulleys Commercial and Tuckermans advised the vendor and Wilkinson Williams acted for Threadneedle.
EGi News 09/05/97
