Property consultancy, Legat Owen has announced the disposal of a 53,975 sq ft industrial facility in Tyldesley, Manchester.
Featured in the Sunday Times 100, Britain’s fastest growing private companies for the second consecutive year, retailer Online Home Shop (www.onlinehomeshop.com) will use the new property to meet growing demand and the space will generate up to 100 new jobs for the area.
The decision to take an additional 50,000 sq ft comes just two months after Online Home Shop’s existing 70,000 sq ft new warehouse, had its official opening by Andy Burnham. The expansion demonstrates the company’s strategic intent to support future growth in the Manchester region.
Located on Bankfield Road, the warehouse comprises a detached unit fronting Bankfield Road with two access points into a car parking area to the front and to a yard and service area to one end.
The building had formerly been occupied by ThyssenKrupp for the last 15 years but was in need of an upgrade. Legat Owen’s building surveying team had been acting on behalf of the landlord, Urus Property, to manage the exit of ThyssenKrupp with the intention of undertaking a full refurbishment of the unit.
Legat Owen successfully agreed a dilapidations settlement with ThyssenKrupp, however, upon undertaking a targeted marketing campaign, a sale was agreed for the unit in its existing condition.
Speaking about the deal, Matt Pochin, director at Legat Owen, commented: “Online Home Shop is a real success story for Manchester and we’re pleased to have supported the company in its continued expansion.
“This is an excellent example of the added value a multi-disciplinary practice can bring to the table. Our investment and building consultancy teams worked closely together and completed the sale in under 20-working days.”