Scottish-based Buccleuch Property has completed a number of high-profile deals in the Yorkshire area including a retail unit in Wakefield city centre to national retailer Sports Direct.
Sports Direct has purchased a £875,000 long leasehold interest in the 23,335 sq ft ground and basement property after former tenant Argos moved to the new Trinity Centre.
Buccleuch worked with agents Barker Proudlove and Central Retail to sell the prominent city centre site at 43-45 Westgate to the retail chain.
Sports Direct is now open and trading, and Cameron MacKay, associate director of Buccleuch Property believes it will bring a positive dynamic to the city centre retail area.
“Sports Direct will be a welcome addition to Wakefield’s Westgate shopping area. Its prime position will help boost footfall to the shopping area as well as complement the existing retail offering in Wakefield.”
Elsewhere in the region Buccleuch has let 20,000 sq feet at Quaypoint, Lakeside Boulevard in Doncaster on a 15 year lease to the Direct Group. Staff moved into the company’s new headquarters at the end of May after an extensive fit-out.
Buccleuch was advised by Steven Gibbins & Co and the building is now fully let.
In Leeds, Buccleuch has leased a 10,000 sq ft retail warehouse in Regent Street on a 10 year term to Nisbetts plc. The company joins other tenants Maplin, Get Geared and Hein Gericke at the fully let property.
Buccleuch Property was advised by Pudney Shuttleworth and Rees Denton. The latter company is also advising on the units at Market Street in Barnsley where only one of the 12 units remains vacant as two are currently under offer to local retailers.
Additionally, the firm sold its freehold interest in a 10 hectare (25 acre) site at Scotch Corner Commerce Park to Newton Nottingham LLP.
Situated close to the A1 and A66, the greenfield site has been sold for in excess of £1 million.
Outline planning permission for B1 (Office & Light Industrial), B2 (General Industrial) and B8 Storage and Distribution uses were originally obtained by Buccleuch Property providing Newton Nottingham with an attractive opportunity to develop the site offering flexible industrial and warehouse facilities.
Sandy Smith, development director at Buccleuch Property, said:
“The location of this site is extremely attractive with its strong transport links onto the A1 and the flexible office and warehouse offering that could be developed.
“We were approached by Newton Nottingham LLP with an interest in taking this scheme forward and were delighted to be able to agree terms for the sale.”
Gent Visick, Yorkshire’s only industrial property specialist and Jones Lang LaSalle’s Newcastle office acted for Buccleuch Property whilst Newton Nottingham LLP was advised by Sheffield based Campbell & Co.