Portrack Trade Park, Cheltenham Road, Stockton-On-Tees 

Date: Q4 2010

Acting on behalf of Aberdeen Asset Management we advised on the purchase of this industrial investment from Bowesfield Investments for £4.6m, reflecting a net initial yield of 7.60%.

The property comprises a Trade Park of twelve units totalling 57,935 sq ft. The park was constructed in phases since 2007 and provides trade counter and industrial accommodation. Multi let with an average weighted unexpired term to lease expiry is 7.76 years (6.07 years to lease break) producing a total income of £369,702 p.a.

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