Property consultant Eddisons has sold a 70,000 sq ft industrial site close to Leeds city centre on Gelderd Road for more than £3m.
The landmark former Winerite bonding warehouse complex, more recently occupied by groceries wholesaler Palmer & Harvey, which is close to the Whitehall Road and Gelderd Road roundabout, has been bought by Yorkshire industrial property firm Towngate, a specialist in refurbishing industrial properties.
Eddisons agency director Steven Jones said: “Not surprisingly this property generated a great deal of interest. It’s a very prominent site close to the city centre and has enormous potential for refurbishment & reconfiguration for the urban logistics & trade leasing market.”
He added: “There is a vast shortage of supply, and consequently escalating demand, for these types of large industrial sites in West Yorkshire.
“Towngate has plans to reconfigure the site to improve access and circulation, carrying out an extensive refurbishment programme. Once that’s complete it will be fantastic premises for prospective industrial tenants and an excellent addition to Towngate’s industrial property portfolio.”
Eddisons is a multi-disciplinary firm of chartered surveyors that was established in 1844 and operates across the UK.