Building Briefs: CBRE; Eddisons; Dacres Commercial; Flanagan James Property Consultants
TWO established pubs in Doncaster, the White Swan and Fox & Hounds, are up for sale.
The pubs and leisure team at CBRE in Leeds have been instructed to sell the Grade two listed White Swan, a pub and hotel centrally located on Eelpool Road in the village of Drakeholes between Bawtry and Gainsborough.
The pub’s canalside location attracts passers-by during the summer months and its sizeable function room and 40-capacity restaurant ensure year-round trade.
The property also has manager’s accommodation and seven letting rooms.
In Walkeringham, the Fox & Hounds is a detached pub with an extensive garden and large car park on a 0.5 acre site with additional outbuildings.
The property, which is within a mainly residential area, also offers manager’s accommodation with four bedrooms.
Both properties are being marketed for by CBRE on a freehold basis and the property firm is seeking offers of £350,000 for the White Swan and £275,000 for the Fox & Hounds.
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CHARTERED surveyors firm Eddisons has helped conclude deals across West Yorkshire worth more than £3m.
These include the 30,000 sq ft former John Menzies site on the Euroway Trading Estate, close to the M606 motorway, where Eddisons acted as joint agent with Colliers.
Meanwhile, a 27,000 sq ft unit within the West 26 industrial estate in Cleckheaton has sold off an asking price of £1.25m. Eddisons acted for VTL Holdings with joint agent Bramleys.
A deal has also been concluded on Bridge House, a 29,880 sq ft industrial unit in Bramley off an asking price of £795,000.
Shazad Mahmood of Eddisons said: “We have received more enquiries in the first nine months of this year than through the whole of 2012 from occupiers requiring high quality units in well established locations.
“Availability of stock is decreasing and there is an argument now that availability has begun to out strip demand, which might encourage speculative developers to enter the market.”
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YORKSHIRE property developer and investor Opus North has sealed ten deals over the past two months and said it has taken advantage of renewed confidence in an improving UK economy.
The Ilkley-based company has completed the transactions at office and industrial developments in Leeds, Chester and Stockton-on-Tees.
Opus North director Andrew Duncan said: “There is no doubt that the property market is still challenging, but there is a new confidence emerging in the economy, which means that deals can be done, provided the location, the building and the price, for both leasing and buying, are right.
“The 10 deals comprised two in The Bourse, our office building in the heart of Leeds, two at Opus Park in Stockton-on-Tees, an industrial park by the A66, and six at the Exchange, a mixed-use building in the centre of Chester.
“We are especially pleased that these deals occurred across both the office and industrial sectors, underlining our breadth of experience and expertise. All three developments now boast a healthy rent roll and are almost full.”
He added: “Overall, it has been an excellent summer for Opus North, with 10 successful deals across the north of England. We are now looking forward to an equally productive autumn.”
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DACRES COMMERCIAL has successfully completed a string of deals over the summer months that have seen the firm sell and let several well-known properties throughout Ilkley and the Aire Valley.
The company has sold New Devonshire House in Keighley town centre to a local business that will now use the 13,000 sq ft, six storey building as its head office.
In addition the firm has sold the former Nicholas Smith Garage on Gargrave Road in Skipton to Keelham Farm Shops, which is creating a £3m development on the site that will include a farm shop, café, playbarn, croft with live animals and parking.
Lettings deals include two prime retail units in Ilkley which will see Tulchan Textiles open a new store at 4 The Grove and Earth Renewables Fires & Stoves expand into 33 Church Street. The company has also let a 2,200 sq ft office unit in Skipton’s High Street House to Pulse Healthcare Group.
Jeff Crabtree, associate at Dacres Commercial, said: “Often the property market slows down over the summer months but since the start of the year the market has been gaining momentum and it’s continued right through, with August and September proving to be particularly busy.
“All these deals will result in inward investment which will have a positive impact on the areas surrounding these properties. Plus the former owners of New Devonshire House had been looking for a buyer for more than five years and Keelham plan to create 60 jobs when they open next year so they’re particularly good deals to be involved with.”
Dacres Commercial has an office network covering Leeds city centre as well as Ilkley, Skipton, Keighley, Harrogate and Otley.
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ONE of York’s oldest shops has been let to a new business following stiff competition from a range of potential suitors.
6 Stonegate has been let to partners Dimpal Bhogal and Agnes Széchy for their new business BAGS N BOBS, selling good quality luggage, holdalls, backpacks, briefcases, garment bags and travel gadgets.
Richard Flanagan of Flanagan James Property Consultants, who advised the private owners of the property, said: “Interest in this retail unit was such that we had a number of interested parties all wanting to take advantage of the excellent location and high footfall, with a local independent retailer beating off the competition which included some national retailers.”
The property was previously let for 25 years to American Express which latterly traded as Kanoo Travel, and was marketed by Flanagan James at an annual rental of £28,000, and has been let on a new six year lease, following refurbishment by the building owners.
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LEEDS College of Building is holding an open day this weekend to showcase its range of university level full and part time higher education and professional courses.
The full time options include building services or civil engineering as well as construction and the built environment covering construction design, surveying, estimating, planning and management.
The event will take place between 10am and 2pm on Saturday at Leeds College of Building’s North Street site and will give students the opportunity to find out about the College’s HNC’s, HND’s, Higher Apprenticeships and NVQs at Level 6 & 7.
Principal Ian Billyard said: “There’s still time to enrol on a higher education course for this academic year and the open day will give anyone considering an alternative to university the opportunity to come in, tour the college and speak to our tutors and find out about the wide range of courses that we are offering this year and for 2014/15.”
