Eddisons Completes Sale of Well Known Bradford Industrial Estate
The agency team of Chartered Surveyors Eddisons has completed deals on over 86,000 sq ft of space at two sites in the Bradford.
These include the sale of a high yielding business park off Tong Street, near junction 27 of the M62. Wharfedale Business Park comprises eight units extending to over 65,000 sq. ft. which currently produces £125,542 per annum. This could increase to approximately £174,000 when fully let.
The site has been bought by Milano Promotions Ltd off an asking price of £1,295,000. Eddisons acted on behalf of long standing client, Wharfedale Finance.
Steven Jones, Director at Eddisons says: ‘We are delighted to have secured the sale of this well-known and significant estate, on behalf of valued clients.
‘Strong interest was generated from numerous parties which shows that there is healthy appetite for well-let industrial investments in and around Bradford.
‘We will shortly be bringing a further multi-let investment to market and are confident of achieving another positive outcome reasonably quickly.’
Eddisons will continue to manage the Wharfedale Business Park through its commercial property management division, with responsibility for service charge management, rent collection and general condition of the common areas.
Meanwhile Eddisons has completed the letting of the former Arnold Laver site on Garnett Street in Bradford. The site extends to 1.4 acres and includes five units extending in total to approximately 20,834 sq ft.
S & R Carpets Ltd has signed a seven year lease, off an asking rent of £42,500 per annum. Eddisons acted on behalf of a private landlord.
Written by: on Wednesday 04/02/2015