Sterling deal done on Yorkshire industrial park

AN INDUSTRIAL park in West Yorkshire has been acquired in a £1.59m deal.

Real estate advisor Savills, on behalf of a private investor, has acquired Sterling Industrial Park in Castleford from Buccleuch Property.

The freehold estate comprises 17 units of between 3,850 sq ft and 560 sq ft set on 1.6 acres of landscaped grounds.  It is occupied by tenants including Timpsons and Dyno-Rod.
 
Mark Wilson, associate director of investment at Savills, said: “Units of this size are rare in locations so well connected to the motorway network, resulting in strong occupier demand.  With a high initial yield on offer, this multi-let industrial park is a valuable addition to our client’s portfolio.”
 
Buccleuch Property was represented by Metcalf Harland Property Investment.