The Commercial Investment team at Louis Taylor Ltd are pleased to report the successful acquisition of the Upper Forge Building, Coalbrookdale, Telford on behalf of a retained client via Savills auctions.
This historically significant and Grade II listed building, which played its role during the industrial revolution, provides 3,363 sq. ft of accommodation over 3 floors and now houses the Aspris Telford School.
Acquired by Louis Taylor from the Ironbridge Gorge Trust Museum for £408,000 as a commercial investment, currently producing an income of £45,000 per annum with annual uplifts, this investment currently returns a very attractive net yield of 10.58%
If you are looking to acquire or dispose of commercial property and our team may be of some assistance, please do not hesitate to give us a call on 01782 260 222 or email at commercial@louis-taylor.co.uk.