GVA Yorkshire brings rare freehold warehouse opportunity to market

Type News

Date 28/04/2017

GVA, the leading UK real estate adviser, has been appointed by SNF (UK) to market a rare freehold warehouse on Ripley Close at Normanton.

The 68,376 sq ft unit sits on 3.3 acres of land and benefits from a prime location on the popular Normanton Industrial Estate, with excellent accessibility to Junction 31 of the M62.

Rob Oliver, industrial director at GVA Yorkshire, said: “Opportunities to buy premises like this are scarce. Whilst we have seen an increasing proportion of freehold vacant possession enquiries over the last few years, as bank lending policy and business confidence improves, this is very much contrary to supply, which can be relatively limited.

“There has been very little availability of freehold premises. Neither owner occupiers or investors have had much appetite to sell, so opportunities to buy as opposed to lease premises are rare.”

Andy Woollin, group managing director at SNF, added: “We are restructuring our operation and relocating to alternative premises locally, which will better suit our operations. This facility has worked well for us since we located here in 2007. We will be vacating the unit in late summer this year and are able to offer vacant possession from that time.”