A South Yorkshire industrial site once used for the production of KP Nuts has been sold to a Rotherham manufacturer of timber garden buildings in a £1.3m deal.
The 152,000 sq ft site on Rotherham’s Chesterton Road has been snapped up by Timber Garden Buildings Ltd for the manufacture and distribution of garden sheds, summerhouses, garden storage and tanalised timber products to trade customers.
The site was sold on behalf of Prospect Estates Limited, a West Yorkshire based Property Investment company, by the Sheffield office of Knight Frank with Wake Smith Solicitors completing the legal work for Timber Garden Buildings Ltd and Addlestone Keane Solicitors acting for Prospect Estates.
Ben White, senior surveyor at Knight Frank, said: “We originally acted on the sale of the Chesterton Road site to Prospect Estates when it was disposed of by KP Nuts.
“And we further assisted Tim Whittaker at Prospect Estates by subsequently letting the units to Royal Mail for approximately three months before the recently completed sale to Timber Garden Buildings Ltd, so we have been on quite a journey to reach this point.”
Covering 4.8 acres, the secure site comprises of three units at approximately 32,000, 42,000 and 910,000 sq ft with six dock-level loading doors, approximately 32,000 sq ft of offices, canteen, gate house and large loading and car parking area.
Graham Vernon, managing director of Timber Garden Buildings Ltd, said: “The Chesterton Road site is perfectly positioned for our operations and enables us to expand the business through a more suitable manufacturing base and distribution set up.
“The decision to purchase the entire site was helped by the efficient legal advice from Wake Smith and marks a significant landmark in the development of our business.”
Tom Weightman, solicitor at Wake Smith, said: “We were appointed to handle the legal aspect of the Chesterton Road site sale on behalf of Timber Garden Buildings and saw this as a great project which has enabled our client to reach new operational standards and retaining a South Yorkshire base.”
The purchase of Chesterton Road was financed by HSBC.