Industrial Investment let to Rentokil acquired off-market for retained client

In November 2021 we acquired this semi-detached industrial investment located at Throckley Industrial Estate, Ponteland Road.

The property comprises a semi-detached, self-contained industrial unit of steel portal frame construction with brick and clad elevations with  offices over ground and first floor plus large double height warehouse and ample parking and yard space to the front & side of the building.

The property is entirely let to the undoubted covenant of Rentokil Initial UK Limited; the tenant last reported a turnover in excess of £250m and pre-tax profits in excess of £40m.

Daniel Capobasso, Partner & Investment Agent at Johnson Tucker LLP commented on the purchase: “We are very pleased to have secured this investment for our client off-market, particularly at a time when good quality industrial investments are extremely scarce.”

For more information please contact Daniel Capobasso on 07968618948 or email danielc@johnsontucker.co.uk.

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