Commercial property landlord Towngate PLC has secured the purchase of a 20,000 sqft warehouse unit on Gelderd Lane, Leeds.
The acquisition of the strategically located site was completed earlier this month and adds to the firm’s already well-established portfolio of properties in the Gelderd Road area.
Previously forming part of the larger Leeds West industrial complex, the newly acquired unit is adjacent to Towngate’s Olympia Trading Estate, and will be listed as Unit 4 on this site. Sitting on approximately 2.8 acres, the property is well-equipped to facilitate warehousing and distribution operations.
The industrial property specialist has inherited the building with 10 years remaining on a lease to Farsley Transport, a distribution and courier service provider which has also recently commenced a three-year occupation of Unit 4C at the Olympia Trading Estate.
Property manager Tom Lamb said: “We are delighted to be able to add yet another warehouse unit to our growing portfolio of Leeds properties on Gelderd Lane. The prime position of the facility, as well as its highly functional space, means it is well-placed to fulfil a host of different business demands.
“We are happy to be taking on our existing tenant Farsley Transport with the property and are looking forward to developing our relationship with them over the coming years.”
Elsewhere at the Olympia Trading Estate, following an extensive refurbishment, Units 4A and B are now available to let individually or as a whole (10,814 sqft).