Arkgrove Industrial Estate,
Stockton-On-Tees TS18 2NH
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£4,200,000
Oct 2021
NorthCap has successfully sold an industrial estate in Stockton on behalf of the Mandale Group.
The property comprises an estate of fifteen industrial units totalling 53,013 sq ft alongside associated yardage and parking, producing a net rent passing of £291,685 per annum.
The property was sold for £4,200,000 reflecting a net initial yield of 6.50%.
GV acted for the purchaser, Industrials REIT.
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