Ouse House, Mandale Trade Park, Durham DH1 1TT
Under Offer
£2,420,000
Sep 2022
NorthCap has successfully sold an industrial estate in Durham on behalf of the Mandale Group.
The property comprises an estate of two terraces split into ten units alongside associated yardage and parking, providing 36,862 sq ft of accommodation on Durham’s prime industrial pitch.
The property is let to ten tenants providing a total rent roll of £257,582 per annum.
The property was sold for £4,300,000 reflecting a net initial yield of 5.64%.
The purchaser was Industrials REIT.
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