£500,000 investment to create a modern distribution unit
Commercial property specialist Onward Holdings Ltd is marketing a refurbished warehouse which it acquired at the logistics hub of Cross Green Industrial Estate, in Leeds.
Family-run business Onward is initially investing up to £500,000 in upgrading the facility, located just over a mile from Leeds city centre, to create another modern, dedicated distribution unit with offices within easy reach of the motorway network.
The property features approximately 73,238 sq ft of secure warehouse space, a 12-dock loading and despatch area with 15 trailer parking bays. It has capacity for storage of up to 10,000 pallets in block stack or rack configuration.
There has been significant investment by Onward Holdings in Yorkshire warehouse facilities in locations like Cross Green, including the recent construction of Phoenix 66 on the Green Lane Industrial Estate in Featherstone and refurbishment of Normanton 108 in Wakefield.
Company director, Neil Storey, said the firm’s latest investment is another quality warehouse unit that will provide a much-needed jobs boost and bring business to the area.
He added: “We are actively looking for further properties, and land suitable for development, in Yorkshire to add to our portfolio.
“As the UK economy slowly recovers from the impact of the coronavirus pandemic, all the signs are that demand for prime logistics facilities is intensifying, driven by the shift from bricks-and-mortar to e-commerce operations as more people switch to online shopping.
“Onward is on the hunt for more commercial sites in the region to accommodate this need from businesses.”
The company’s sites include Castleford, Doncaster, Ackworth, Scunthorpe and Featherstone. Onward Holdings also built Onyx Retail Park, the shopping and eating destination on the former Manvers colliery in South Yorkshire.
Promotion of the unit on Cross Green is being handled by Andrew Miller Chartered Surveyors of Sheffield.