Units 1-5 Beaumont Square,
Newton Aycliffe DL5 6XN
Make an enquiry
£3,900,000
Sep 2021
NorthCap has successfully acquired a multi let industrial investment in Newton Aycliffe on behalf of Strawsons Property acting jointly with Banks Long & Co.
The property comprises a modern multi-let estate extending to 63,785 sq ft let to a five tenants with a WAULT of 8 years.
The total rent equates to £238,000 including a two-year guarantee on one vacant unit.
The property was acquired for £3,900,000 reflecting a net initial yield of 6.09%.
Metcalf Harland acted for the vendor.
