Lutrum House & Unit 1, Sedgefield Way, Portrack Interchange, Stockton-On-Tees TS18 2SG
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£1,400,000
Mar 2022
NorthCap has successfully sold an industrial estate in Durham on behalf of the Mandale Group.
The property comprises an estate of three buildings alongside associated yardage and parking, providing 4,706 sq ft of industrial / workshop accommodation across two units and 8,999 sq ft of offices within a single, three-storey building.
The property is let to two tenants providing a total rent roll of £108,700 per annum.
The property was sold for £1,400,000 reflecting a net initial yield of 7.50%.
The purchaser was a private investor represented by GV.
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