Waldon House, Mandale Trade Park, Durham DH1 1TH
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£5,700,000
Dec 2021
NorthCap has successfully sold an industrial estate in Durham on behalf of the Mandale Group.
The property comprises an estate of eighteen industrial units totalling 63,000 sq ft alongside associated yardage and parking, producing a net rent passing of £409,384 per annum, including rental top ups.
The property was sold for £5,710,000 reflecting a net initial yield of 6.75%.
The purchaser was Industrials REIT.
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