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Cedar Court Office Park Fully Let

Written by: Richard Roe on Tuesday 10/06/2014

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A Wakefield office park extending to 13,000 sq ft is now fully occupied following a series of lettings by the Leeds office of Chartered Surveyors Eddisons.

New tenants at the Cedar Court Office Park, adjacent to Junction 39 of the M1, include a facilities management firm. B38 has taken 3,136 sq ft on the first floor of Unit A, off an asking rent of £30,300 per annum.

Meanwhile Wassen International, a supplier of nutritional supplements, has agreed a 5 year deal on a ground floor unit, off an initial asking rent of £17,136 per annum.

Steven Jones of Eddisons’ Leeds agency team said: ‘In total we have completed three deals in just six months, bringing the park to full capacity. This reflects the quality of the accommodation and the convenience of the location, adjacent to the M1.’

Eddisons acted on behalf of the landlord, Acropolis Properties.

The Eddisons auction department also helped the same client dispose of a surplus mixed used investment in the centre of Wakefield. The property on Kirkgate which is part-let to bookmaker William Hill at an annual rent of £20,000 per annum was sold for £191,000, when it went under the hammer recently.
Mr Jones said: ‘With a wide range of specialist services available under one roof, Eddisons can offer clients the most appropriate route to market, to fulfil specific business objectives.’

Cedar Court Office Park Fully Let
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Written by: Richard Roe on Tuesday 10/06/2014

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About the author

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.

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