Four Yorkshire units acquired in £3.1m deal as commercial market "remains resilient"

A deal worth more than £3m has been completed for the acquisition of a selection of Yorkshire industrial park units.

Four units at Bridge Road in Catterick have been sold in a £3.1m deal in “further proof that the commercial market is remaining resilient”.

Commercial property specialist Bromwich Hardy has concluded the transaction on behalf of a private property company, purchasing the units from The North Yorkshire Timber Company.

The former owner of the units, which cover 119,000 sq ft, will take a new 15 year lease on the property as part of the deal.

Tom Bromwich of Bromwich Hardy commented: “We are delighted to have helped conclude this deal for our client.

“It again demonstrates that there remains a healthy interest in the investment opportunities in the commercial property market.

“Our experience even during this latest lockdown is that investors are still confident in the long-term yields they can expect from industrial property and continue to see well-placed attractive sites as a sound investment.

“This is just one of a number of such deals we have concluded in recent months or are now close to bringing to fruition across the country.”

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