The Bradford office of Chartered Surveyors Eddisons has been appointed to handle the sale of a high yielding investment opportunity.
Wharfedale Business Park on Tong Street, Bradford, extends to 6.3 acres and comprises a number of industrial and warehousing units along with adjoining offices, with a total floor area of around 65,000 sq ft.
It is currently majority let to a range of tenants, producing rental income of £125,000 per annum, and has the potential to increase to approximately £155,000 when fully let.
Eddisons, who is acting on behalf of established client Wharfedale Finance, is inviting offers in the region of £1.3M.
Steven Jones, Director at Eddisons said: ‘This is well a located site within easy access of the Bradford ring road and the wider motorway network.
‘It offers good asset management opportunities, along with the chance to significantly increase the revenue generating potential, which will make it attractive to hands-on landlords.’
Richard joined Eddisons in 2003 and has been the Managing Partner since 2012, a role that sees him lead the strategic direction and development of the business under the ownership of Begbies Traynor Group plc. Richard has been instrumental in the growth of the business which has seen turnover more than double since 2008.
In addition to his role as Managing Partner, Richard continues to play a vital role with key clients, particularly in the banking sector, where he is a trusted adviser to major high street clearing banks. Over the last eight years, Richard has been appointed LPA Receiver on many high profile properties and assists in the recovery of distressed loan portfolios.
Prior to joining Eddisons, Richard worked in the real estate division of a 'Big Four' firm where his notable assignments included the privatisation of Saudi Telecom for flotation on the New York Stock Exchange.