Sale of Bradford industrial complex underlines market confidence
Leading West Yorkshire property consultants Walker Singleton have brokered a significant industrial property deal in Bradford. The award-winning consultancy advised property investors M&B Estates on the sale of a 2.3 acre development at Low Moor to Collett Transport UK for £2.5 million.
The development, situated at Carr Lane and Spartan Road, comprises three industrial units with offices totalling nearly 76,000 sq ft. It is part-let to Styrene Packaging and Insulation and Tailormade Design Ltd. A vacant unit of 32,700 sq ft will now be occupied by Collett Transport.
Jonathan O’Connor, Director at Walker Singleton, commented: “This was an excellent deal, which suited both parties perfectly. M&B were keen to sell and Collett Transport were looking for a new depot in West Yorkshire. Collett will also benefit from two established tenants with strong covenants.We have had a long history of involvement with the site which is well sited with excellent road links to the motorway network.” He added “This deal also underlined the strength of the industrial property market in West Yorkshire, which we expect to prosper this year, especially in light of the new political stability. There is a good deal of demand for investments of this nature in the current market and we anticipate a busy and successful year.”