102,000 sq ft production site sold for redevelopment

A former production and warehouse site in West Yorkshire has been acquired for an undisclosed sum.

Located in Otley, the six-acre site previously belonged to Ideal Standard (UK) Limited.

102,000 sq ft of warehousing, production and office space has now been bought by an unnamed purchaser, which plans to redevelop or refurbish the site and bring it back into use.

Cushman & Wakefield advised Ideal Standard on the property disposal, with Rollits Solicitors of Hull concluding the legals.

Production at the site stopped in 2016 and since then it has remained vacant and fallen into disrepair.

Scott Morrison from Cushman & Wakefield’s Logistics & Industrial team said: “This historic site proved to be a very interesting disposal and it is fantastic to draw this sale to an excellent conclusion for our client, Ideal Standard.

“We were inundated with strong interest in the property from very early in the process due to the limited industrial supply in Otley which resulted in a strong sale price being achieved.

“It will be great to see this property being revitalised by the new owners into a useable condition, whilst securing a strong sale for our client Ideal Standard.”