Bromwich Hardy helps clinch £3.1m investment deal
Commercial property specialist Bromwich Hardy has helped conclude a £3.1m deal for a number of units on a Yorkshire industrial park.
Founding partner Tom Bromwich said the acquisition – on behalf of a private property company for which Bromwich Hardy was acting – was further proof that the commercial market was remaining resilient in the face of the pandemic.
Tom said the deal had involved four units covering 119,000 sq ft at Bridge Road in Brompton on Swale, Catterick.
The North Yorkshire Timber Company sold the site but will take a new 15-year lease on the units as part of the deal.
Tom said: “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.”