The Leeds office of Chartered Surveyors Eddisons has completed the sale of a site on the Cross Green Industrial Estate in east Leeds.
The freehold site which includes a builders’ yard and industrial buildings, extending to over 7,900 sq ft, has been bought by Murphy Civil Engineers. Eddisons acted on behalf of a private client.
Steven Jones of Eddisons says the site on Knowsthorpe Lane attracted plenty of interest and went to best and final offers, significantly exceeding the original asking price of £310,000.
‘There was interest from a range of potential buyers, which reflects the current demand for well located industrial sites in this part of Leeds, as highlighted by the price achieved. The fact that the site is freehold, compared to most of the sites on the estate which are long leasehold, further drove demand,’ he says.
The acquisition by Murphy extends their footprint on the estate, whose other nearby occupiers include Pilkington Glass, Howarth Timber and Hesco Bastion.
This is the second sale Eddisons has completed on the estate in recent months, following the disposal of the 14.5 acre former Pittards Leather Mill site on behalf of Hesco Bastion.
Eddisons is also advising an unnamed client on acquiring the long leasehold on a unit in excess of 150,000 sq ft.
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.