8 May 2013
Custodian Capital acquires commercial property in Birmingham
Custodian Capital, which is part of Mattioli Woods plc, has acquired a commercial property in a busy suburb of Birmingham, four miles north east of the city centre.
Currently let to the West Midlands Ambulance Service NHS Trust, the property comprises a standard industrial unit with two-storey offices, seven loading doors and a large yard.
The property situated in Erdington is a 1.46 acre site and forms part of the prime commercial development scheme, Opus Aspect, which also holds a Volvo car showroom and Selco builders merchant.
Custodian Capital has acquired the commercial property for private investors who will benefit from a rent of £151,483.10 per annum, and forecast total returns in initial investment of over 7% from 2015, with income returns of over 5.3% per annum from 2014.
Richard Shepherd-Cross, Managing Director of Custodian Capital, commented: “We are pleased to be offering private investors the opportunity to participate in the purchase of this purpose-built, modern ambulance station let to the West Midlands Ambulance Service NHS Trust.
“We believe that this investment represents fair value in the context of the current market and in relation to similar transactions.”
The Erdington property is part of Custodian Capital’s £140 million nationwide portfolio of syndicated commercial property, which has over 1,250 individual investors.
Prospective investors and their appointed representatives who are interested in this investment model must seek their own independent financial advice from an appropriate adviser authorised and regulated by the Financial Conduct Authority.
For further information on this investment, click here.
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