Building Briefs: Eddisons; Gent Visick
A HIGH yielding investment close to Leeds city centre is going under the hammer later this month.
New York Studios on New York Road off the A64, will feature in the Eddisons auction on September 18.
The studios, comprising 15 individual residential units producing income of around £65,000 a year, has a guide price of £425,000.
Elsewhere, a former police building on Bolling Road in Bradford, and potential redevelopment opportunities in Headingley and Shipley are also available.
Leeds City Council is looking to dispose of the former Farfield Community Centre in Farsley near Pudsey for around £135,000.
Other highlights include a vacant former leisure property close to the Kingsgate Shopping Centre in Huddersfield town centre which is guided at £190,000 to £220,000.
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ACTING for Alpha Media Properties, Leeds-based industrial property specialists Gent Visick has sold the freehold interest in a 31,770 sq ft factory unit to the Swedish owned Emballator Metal Group for around £1.35m.
The acquisition of the adjacent property provides Emballator with additional accommodation to support their expansion following their original investment into Bradford in 2000. The company is northern Europe’s leading supplier of tinplate packaging, primarily for the paint and chemical industries.
Gerard Dibb, managing director of Emballator (UK), said: “The acquisition of Unit 2 enables us to increase production capacity to meet our rising order book and, with this unit located on the same estate as our original factory, we can expand our operations without having to disrupt production.”
Andrew Gent from Gent Visick said: “The sale of this property to a manufacturing company is further evidence of the underlying strength of the manufacturing sector in our region.”
Gent Visick acted for the vendor Alpha Media Properties and DTZ acted for the purchaser Emballator (UK).
