£3.1m deal for North Yorkshire industrial park

Commercial property firm Bromwich Hardy helped conclude the deal for four units covering 119,000 sq ft at Bridge Road in Brompton on Swale, Catterick.

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.

The North Yorkshire Timber Company sold the site but will take a new 15-year lease on the units as part of the deal.

Mr Bromwich 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.”