Units 1-3 Portrack Industrial Estate

MK2 acquired 1-3 Portrack Grange Road, Stockton On Tees, on behalf of Cornvalley Estates.

• 20,000 sq ft industrial unit.
• Let to Veolia Water Technologies on a 15-year lease.
• Annual rent of £150,000 per annum.
• Off-market acquisition.
• Purchased from JCAM Property for £2.016 million (NIY of 7%)