Trio of commercial property investments in West Yorkshire sold for over £3m

Carter Towler have announced the completion of three commercial property deals across West Yorkshire totalling more than £3m.

The investment division of the chartered surveyor has completed the sale of the Titan District shopping centre at Wyke near Bradford.

The centre, which has been purchased by North Yorkshire-based Masham Investments off a guide price of £1m, has four fully let retail units generating a rental income of £86,750 per annum. The deal includes an overflow car park with development potential.

In a second deal negotiated by Carter Towler, the 16,108 sq ft Byram Business Park at Brotherton, near Wakefield has been sold to an investor with a portfolio of similar industrial properties across the North and Midlands.

Byram Business Park has four fully let trade units that generate an annual rental income of £90k per annum and was sold off a guide price of £1.15m.

Finally, Carter Towler negotiated a sale price of over £750k on behalf of BW SIPP Trustees for a 10 unit, 14,329 sq ft industrial estate at Barnes Road, Bradford.

West Bradford Industrial Park has been purchased by Preston-based Errigal Contracts Group Ltd. The gross annual rental income is £79,435 per annum and the estate has potential for further development.

David Towler, Carter Towler director, said: “We are delighted with all three of these sales for different reasons. The Titan District deal was concluded very quickly and the two industrial estate sales achieved excellent returns for our clients.

“There was a healthy level of competitive bidding as both of these industrial investments offer the potential for further growth.”