HOughton Le SPiring

Houghton Le Spring: 1-4 Rainton Bridge Industrial

January 2021
HOughton Le SPiring
  • A highly attractive industrial unit, let to Howdens and Screwfix.
  • Passing Rent: £88,550
  • Price: £1,450,000
  • Net Initial Yield: 5.75%

Fawcett Mead have recently acted on the sale of the freehold interest of 1-4 Rainton Bridge Industrial Estate, Houghton Le Spring, on behalf of a private client.

The property is let to Howdens Joinery limited Screwfix Direct Limited.

Graham Fawcett commented "We are very pleased have advised our client on the disposal of their freehold interest in this asset at a strong exit price."

Many thanks to MHPI who acted on behalf of the purchaser.

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