Commercial real estate news releases from Avison Young
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Avison Young brings freehold Wakefield production facility to the market
October 14, 2020Instructed to market 47,000 sq ft unit in Charlesworth.
Acting on behalf of a private family client, Avison Young has been instructed to market the freehold of a 47,000 sq ft printing facility in Charlesworth, Wakefield.
The property covers just over 2.2 acres and comprises of four adjoining building structures, with associated yards and car parking.
The site is situated on Flanshaw Way which benefits from excellent connectivity to Junction 40 of the M1 and Wakefield generally. Currently the property is leased to the occupier with the lease expiring in August 2021, at a current passing rent of £185,000pa.
Rob Oliver, principal at Avison Young’s Leeds office, said: “With an enhanced power supply, this property offers a rare opportunity to acquire premises suiting production use. There is the benefit of some short-term income too, and so we are seeing enquiries from both owner occupiers and investors. We are delighted with the interest received to date.
“This site sits in an excellent location surrounded by a hive of activity and high quality neighbours. On the adjacent site, Frank Marshall Estates are commencing construction of a new business park and industrial estate, whilst further up the road, Sewtec has recently relocated into a 75,000 sq ft production facility. PLP has also started construction on two new speculative warehouse units on the former Silkwood Park at PLP Wakefield, demonstrating that there is ample appetite in this area for quality industrial units.”
