Redlake House, Ottery House and Waldon House at Belmont Industrial Estate
Sector: Manufacturing (Industrial) • Location: Durham, County Durham, United Kingdom
Source: Financial Conduct Authority (FCA)
Three industrial terraces (Redlake House, Ottery House, Waldon House) at Belmont Industrial Estate, Durham, UK, comprising 82,538 sq ft across 31 units. Acquired for £9.11 million with a net initial yield of 5.7% and capital value of £110 per sq ft. The terraces are 87% occupied by 26 tenants and located strategically near Junction 62 of the A1(M) and 2 miles from Durham City Centre, in an area wi
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Description
Description | Three industrial terraces (Redlake House, Ottery House, Waldon House) at Belmont Industrial Estate, Durham, UK, comprising 82,538 sq ft across 31 units. Acquired for £9.11 million with a net initial yield of 5.7% and capital value of £110 per sq ft. The terraces are 87% occupied by 26 tenants and located strategically near Junction 62 of the A1(M) and 2 miles from Durham City Centre, in an area with low industrial vacancy and strong rental growth potential. |
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Original Currency | USD |
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Data quality score | 100% |
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