Leeds-based commercial developer, Eshton, has purchased a 36,460 sq ft unit on Waterside Industrial Park in Stourton, West Yorkshire, in a seven-figure deal.
Comprising 25,000 sq ft of warehouse space and 11,000 sq ft of office space, the unit features extensive loading, a 7m eaves height and a 250KVA power load, all situated on a 2.8 acre site with a large yard and ample parking which will provide scope to extend the warehouse by an additional 10,000 sq ft if required.
Located adjacent to Junction 44 of the M1 and close to the M62 motorway network, Waterside Industrial Park is popular with distribution businesses, wholesalers and manufacturers, with future occupiers sharing the Park with Parcelforce, CCF, Hain Daniels Group and Batleys Cash and Carry.
The unit was purchased by Leeds-based Eshton from Menzies Distribution, and will undergo a refurbishment ready to come to market to let in early 2019, with the potential to also sell the unit freehold.
David Singleton, director at Eshton, explained: “There is huge tenant demand in South Leeds due to a lack of available, quality space and this was an opportunity that couldn’t be missed.
“Unlike other adjacent sites, this unit comes with a large yard space and parking facilities, which are rare commodities in this area. Combined with its superb location and an excellent local labour supply specialising in B2 and B8 sectors, we expect good interest.”
The agents for this unit are Sophie Angus from CBRE’s Leeds office and Tom Asher from JLL’s Leeds office.
David continues: “The property market remains considerably strong in West Yorkshire yet supply levels continue to diminish year-on-year. As the take-up of quality second-hand space rises, we predict enquiries from a mix of both national and local names, each with the appetite to establish a foothold in a prime location that’s already full to capacity.”