Date
Service
Property Agency
Sector
Investment

Eddisons Completes Sale At Cross Green Industrial Estate

 

The Leeds office of Chartered Surveyors Eddisons has completed the sale of a site on the Cross Green Industrial Estate in east Leeds.

The freehold site which includes a builders’ yard and industrial buildings, extending to over 7,900 sq ft, has been bought by Murphy Civil Engineers. Eddisons acted on behalf of a private client.

Steven Jones of Eddisons says the site on Knowsthorpe Lane attracted plenty of interest and went to best and final offers, significantly exceeding the original asking price of £310,000.

‘There was interest from a range of potential buyers, which reflects the current demand for well located industrial sites in this part of Leeds, as highlighted by the price achieved. The fact that the site is freehold, compared to most of the sites on the estate which are long leasehold, further drove demand,’ he says.

The acquisition by Murphy extends their footprint on the estate, whose other nearby occupiers include Pilkington Glass, Howarth Timber and Hesco Bastion.

This is the second sale Eddisons has completed on the estate in recent months, following the disposal of the 14.5 acre former Pittards Leather Mill site on behalf of Hesco Bastion.

Eddisons is also advising an unnamed client on acquiring the long leasehold on a unit in excess of 150,000 sq ft.

 

Written by: Richard Roe on Tuesday 29/04/2014