Property consultancy Eddisons sells three Leeds warehouses for £2.5m

Property consultancy Eddisons has completed a trio of deals worth £2.5m in less than three months with the sale of a 15,000 sq ft warehouse in Leeds.

The property, located at 224 Burley Road, rounded off the hat-trick when it was bought from racking firm Sandring by Leeds Property Rentals for £490k earlier this month.

The warehouse had planning consent for redevelopment into apartments, but permission for the project lapsed recently. Leeds Property Rentals will instead use the site as storage space and a joinery workshop servicing its rental properties in the area.

The transaction was supported by Handelsbanken.

In September, Eddisons sold a 9,000 sq ft purpose-built modern warehouse unit at Whitehall Cross for £710k on behalf of security business Loktec. The buyer was automated metal gates and doors company Rolling Center, which relocated from premises in Hunslet.

The third deal, completed last month, saw Eddisons sell the 30,000 sq ft Anchor Works scheme on Swinnow Lane, Bramley, to fibreglass mouldings firm MPM. Leeds City Council’s Economic Development team supported the £1.3m deal.

Family-run MPM needed new premises after a fire devastated its Pudsey factory in February.

Steven Jones, Eddisons agency team director, said: “It is tremendously satisfying to be able to help businesses to grow by finding them the property they need.

“In the case of MPM it was essential that they found a suitable new premises enabling the business to get back to full-scale production after the fire sadly destroyed their factory, and they are now back to capacity in their new unit.”

He continued: “We are seeing escalating demand for quality owner‐occupied industrial and warehouse space in Leeds. In the right locations supply is struggling to keep up with demand.”