Property firm disposes of commercial units in £15.8m deal

Regeneration and property investment firm Harworth Group has sold all five of its built commercial units at its Gateway 36 Business Park in Barnsley for £15.8m.

The units, which total 145,248 sq ft, have been sold to Cadogan Income Properties, reflecting a net initial yield of 4.76% at a price above book value. Harworth also owns 110 acres of land neighbouring Gateway 36, which it plans to bring forward through the planning system for a major new mixed-use development from 2019.  

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