South Yorkshire development snapped up

A MIXED-use site at Quest Park in Doncaster has been bought by Harrogate-based property development and investment company Marrtree Investments.

Riverview, which comprises offices, industrial and a showroom in 3.3 acres, was jointly developed by Sladen Estates and Peveril Securities. It is the third and final phase of the successful Quest Park development.

The Sheffield-based property agency Commercial Property Partners (CPP) advised on the deal, for £555,000.

Roger Haworth, partner with CPP said: “Quest Park has already established itself as one of the most popular and successful business parks in the Doncaster area. So it’s not surprising that Riverview has been snapped up. It has tremendous potential. Featuring a showroom, which is suitable for a number of trade and leisure uses, a variety of self-contained offices (up to 25,000 sq ft) and a standalone industrial unit (up to 45,000 sq ft), it is bound to prove exceptionally popular to potential occupiers.

“This is a significant deal, underlining the growing strength of the South Yorkshire commercial property market. It is apparent that the dark days of the recession are now behind us and we are seeing very encouraging signs of recovery within the market.”

George Marshall from Marrtree added: “We believe this is an excellent investment opportunity.”