Wednesday, July 8, 2020

Private investor snaps up Bradford industrial unit in £1.28m deal

A modern industrial unit on Bradford’s Euroway Trading Estate has been sold to a private investor in a £1.28m deal which reflects a net initial yield of 5.75 per cent.

The 15,356 sq ft property sits within a 1.38 acre site on Millersdale Close and was marketed by the Leeds office of property consultancy Gent Visick. The building includes 10,527 sq ft of warehouse space, as well as office areas and staff facilities.

The property is let to Meller Flow Trans who were founded in 1960 and provide engineered product transfer solutions to the transport industry including liquid handling cargo pumps, high volume powder blowers, hydraulic solutions and specialist cryogenic metering systems.

Daniel Walker, from Gent Visick, said: “It is fantastic to have acted for the vendor on this sale. The warehouse occupies just 25 per cent of the site so it offers the potential for expansion in the future. The building is situated on the Euroway Trading Estate which is one of West Yorkshire’s most sought after industrial parks, providing direct access to both the M606 and M62 motorways, which all combined to make this a very attractive investment opportunity.”

The purchaser was advised by Jonathan Wade at Wade Property Consultants.

Other occupiers at Euroway Trading Estate include Marks and Spencer, Advanced Supply Chain, Jet2, BorgWarner, NG Bailey and SIG International.

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