Strong investor demand has resulted in the successful sale of Schott House, a modern multi-let industrial and business centre investment located on Astonfields Industrial Estate, Stafford.
Extending to 31,466 sq ft. across a 1.34-acre freehold site, the property comprises two adjacent industrial units and a three-storey serviced office building.
At the time of sale, the asset was producing a total net rental income of £180,262 per annum and benefitted from a well-diversified tenant base, including two established industrial occupiers and 17 business centre tenants.
Situated less than 2.5 miles from Junction 14 of the M6, Schott House occupies a prominent position within one of Stafford’s most established commercial locations. The transaction highlights continued appetite for income-producing, multi-let investments across the region.
Are you considering the sale or acquisition of an investment property? Contact our commercial agency team on 01782 202294 for confidential advice.