£650,000 Price Tag For Bradford Industrial Investment
A majority let industrial investment in Bradford producing £56,000 per annum has gone up for sale with offers invited in the region of £650,000.
Crossley Hall Works on York Street, off Thornton Road, extends to nearly 42,000 sq. ft. and is arranged as eight individual units, six of which are currently let.
The property has been brought to market by the Bradford office of Eddisons, acting on behalf of Ashfield UK Ltd.
Steven Jones, Director at Eddisons said: ‘This is a well located site capable of generating annual income of around £80,000 when fully let, thereby offering a potential gross yield of around 12.5 per cent. The property provides good asset management opportunities.
‘There is strong interest in this type of investment and with demand currently outstripping supply we are hopeful of a quick sale.’
Meanwhile, Eddisons is also marketing 19,000 sq. ft. at a site on Sticker Lane in Bradford. Thorite House, a former Sunday School premises, provides a mix of trade counter, showroom and office space and could suit redevelopment subject to planning. The asking price is £525,000.
Current occupiers Thorite, a well-established Bradford business specialising in compressed air, pneumatics and fluid power has also instructed Eddisons to source new premises of up to 40,000 sq. ft. to facilitate future expansion.
Written on Monday 23/03/2015