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SUCCESSFUL SALE OF TWO WEST YORKSHIRE OFFICE BUILDINGS

Two prominent West Yorkshire office buildings, located in sought after suburbs of Leeds and Bradford, have been sold in deals negotiated by longstanding Leeds based property company, Adair Paxton.

Springwood House is a substantial self-contained office building in Horsforth offering 11,750 sq ft spread across four floors, with parking for more than 40 cars. Internally the space is predominantly open-plan and benefits from modern suspended ceilings, LED lighting, air conditioning and impressive staff facilities. The property is located on Low Lane, close to both Leeds Outer Ring Road and Horsforth railway station. It has been acquired by a private buyer and will continue to be used as office space.

In addition, The New Barn at Home Farm in Esholt has been acquired by Data Direct, which distributes a wide range of office equipment, supplies and consumables to dealer networks. The modern detached stone property was built in 2008 and offers 1,914 sq ft of high-quality office space.

Home Farm consists of eight smart office units within a courtyard setting and landscaped grounds, in a rural, but highly accessible Conservation Area, close to both Esholt village and Apperley Bridge railway station.

Simon Dalingwater, director at Adair Paxton, said: “Completing these two sales marks a fantastic start to 2020 for Adair Paxton. Both these standalone buildings are very well-maintained and offer modern office layouts, in popular, well-connected areas, so we were able to generate plenty of interest in them.

“These deals also demonstrate the high level of demand in the market for high quality office space. This comes at a time when many offices are being converted into residential schemes, due to relaxed planning restrictions, which means certain office buildings can be redeveloped via permitted development rights.

“This has created a shortage of office buildings currently available for sale and as a result, the market is particularly buoyant now with both owner occupiers and investors keen to secure deals.”

Adair Paxton, which celebrated its 160th anniversary last year, employs a 30-strong team, offering a full range of commercial and residential property services across offices in Leeds city centre, Horsforth and Adel.

Adair Paxton’s commercial division also manages a wide range of high profile properties in and around Leeds including Leeds Corn Exchange, Thornton’s Arcade, which is the oldest covered shopping street in Leeds, Carlton Mills Trading Estate in Armley and Roundhouse Business Park, on the outskirts of Leeds city centre.

Jan 30, 2020

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