Updated Oct 29, 2024
Redditch Borough Council Acquires Hewell Rd Industrial Property In Enfield For £2.75M
Hewell Rd, Redditch B97, Uk
$2,750,000
$107/SF
Building Size
25,546 SF
Asset Type
Industrial
Closing
Apr 28, 2020
About this deal
AI
The industrial property located at Hewell Rd, Redditch B97 6BG in Enfield was recently sold in a closed transaction. The property spans a total of 25,546 square feet and was sold for a price of £2,750,000, resulting in a price per square foot of £108.
Summary of transaction details
- Property Type: Industrial
- Transaction Amount: £2,750,000
- Square Footage: 25,546
- Address: Hewell Rd, Redditch B97 6BG
- Market: Enfield
The seller of the property is EDR Developments Ltd, while the buyer is Redditch Borough Council, represented by Matt Dormer. The seller's representatives in this transaction were Ian Parker from John Truslove and Andrew Jones from Wright Hassall.
Players
Redditch Industrial Market Snapshot
Boundary boundary · Industrial · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
5.77%
Cash-on-Cash
-1.65%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93