Trio of industrial properties sold for combined £2.5m
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Three Leeds industrial and warehouse sites have been sold in under three months for a combined £2.5m.
Property consultant Eddisons completed the trio of deals after selling the 224 Burley Road property, owned by racking firm Sandring, for £490,000 by Leeds Property Rentals.
The unit, which had recently lapsed planning consent for redevelopment to apartments, will be used by the business as storage space and a joinery workshop to service its rental properties in the area.
The deal was supported by Handelsbanken.
Acting on behalf of security firm Loktec, Eddisons also sold a 9,000 sq ft purpose-built warehouse unit at Whitehall Cross for £710,000 to automated metal gates and doors business, Rolling Center.
The company is expanding and relocating from its current premises in Hunslet.
Last month Eddisons sold 30,000 sq ft Anchor Works on Swinnow Lane in Bramley to fibreglass mouldings business MPM for £1.3m.
Supported by Leeds City Council Economic Development team, the family business was looking for new premises after being hit by a fire at its Pudsey factory in February.
Steven Jones, Eddisons agency team director, said: “It is tremendously satisfying to be able to help businesses to grow by finding them the property they need.
“In the case of MPM it was essential that they found a suitable new premises enabling the business to get back to full-scale production after the fire sadly destroyed their factory, and they are now back to capacity in their new unit.”
He added: “We are seeing escalating demand for quality owner‐occupied industrial and warehouse space in Leeds. In the right locations supply is struggling to keep up with demand.”