Date
Sector
Investment

Eddisons Instructed on Bradford Development Site

 

The Bradford office of Chartered Surveyors Eddisons has been appointed to market a residential development opportunity on Midland Road in Bradford.

The site, close to Bradford City’s Valley Parade ground, extends to over 2.5 acres and has historic planning permission for 21 dwellings, comprising a mix of 3, 4, and 5 bedroom houses, each with gardens and parking areas.

According to Steven Jones of Eddisons there has already been interest in the site which is for sale on a freehold basis, with offers invited over £375,000.

‘We have already received numerous enquiries from a range of potential buyers which reflects the appetite for well located development sites.

‘Additionally the fact that there has been historic planning consent granted for residential development is proving to be a key attraction.

‘The site could also lend itself to commercial and industrial development, subject to the necessary consents,’ he said.

Meanwhile, Eddisons has also been instructed to market 55,000 sq ft of prime warehouse/industrial space at Bowling Back Lane in Bradford, as well as a 15,000 sq ft unit at nearby Lower Lane.

Mr Jones said: ‘Due to the improving economic conditions there is a shortage of high quality modern industrial stock coming to market in the Bradford area and demand is currently outstripping supply. This will be reflected in the interest these units generate.’

Eddisons has also recently let an additional 15,000 sq ft unit at Lower Lane to a confidential tenant, off an asking rent of £4 per sq ft.

 

Written by: Richard Roe on Tuesday 22/04/2014