Rebecca Wayman

Second unit sold on Tankersley industrial site for £3.55m

Barmston Developments has secured the sale of a new 41,500 sq ft warehouse and industrial unit at Enterprise 36.

The area is a prime four unit scheme strategically located along the M1 Corridor in Tankersley. Unit 3 has been bought by label printing specialists Dura ID Solutions Ltd in a circa £3.55m deal.

Jason Stowe, of Barmston Developments, commented: “The JV is delighted to announce the second sale to Dura ID Solutions Ltd on our popular scheme.

“We are grateful to Barnsley Metropolitan Council for the support and belief they have shown in Enterprise 36 and this is now being reflected in the second sale on the scheme with only 3 months into construction.

“Unit 2 is under way and will provide 77,000 sq ft of high quality distribution or manufacturing space of a size and quality which is not readily available in the region.”

This latest deal follows on the back of the sale of Unit 4 to Williams Rowlands in April, leaving just two options available - a unit of 77,000 sq ft available for sale or to let, which is due for completion in January 2020.

Unit 3 offers versatile high spec warehouse/industrial accommodation comprising 38,750 sq ft of space with 2,750 sq ft office provision. Unit 2 is currently under construction.

Unit 1 is available on a Design and Build basis with site preparation completed and detailed planning in place for the building, allowing delivery within the next 12 months.

Barmston Developments is being supported by Barnsley Council’s Property Investment Fund and its Enterprising Barnsley investment team.

Mike Baugh, senior director at CBRE Leeds, added: “We are delighted to be working with Barmston Developments on this impressive scheme.

“The early deals concluded demonstrate the quality of the location and specification and offers one of very few opportunities along the M1 corridor. We anticipate continued interest in Plot 1 & Unit 2, particularly given the lack of stock in the market currently.”

CBRE are acting as joint agents on the scheme with CPP.

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