Boston Road, Gorse Hill Industrial Estate, Leicester

Michael Steel & Co have acted on behalf of Valley CPI Ltd, in the leasehold restructuring and acquisition of factory and office premises extending to a gross internal floor area of approximately 55,000 sq ft on a 3 acre site at Gorse Hill Industrial Estate in Leicester. Terms for a new tenants full repairing and insuring ten year lease was completed in June 2010 at a rent of approximately £200,000 per annum exclusive.

June 2010 (MAS)

Canal Wharf, Holbeck, Leeds

Acting on behalf of British Waterways Michael Steel & Co have offered former lock keepers offices and accommodation with car parking extending to approximately 1,500 sq ft adjacent to the Granery Wharf development in Holbeck, Leeds. The letting has been completed in June 2010 to specialist recruitment consultants, The Works, facilitating their relocation. Terms for a six year lease at the quoted rent of £15,000 per annum have been completed based upon a new six year lease.

June 2010 (MAS)

Highburton Co-Op

Michael Steel & Co acted on behalf of Tony Denham and Sarah Long of D L Partnership LLP, the joint liquidators of the Highburton Industrial & Provident Society Ltd, in connection with the marketing and sale of the former Highburton Co-Op at Moor Lane. The freehold premises extending to approximately 3,800 sq ft were offered for sale by private treaty at offers over £185,000. The availability of the premises generated competing interest and, following the invitation of best bids, a sale was completed at a price significantly above the guide to a private individual represented by Smiths Chartered Surveyors.

   June 2010 (MAS)

22 Middleton Park Road, Leeds, LS10 3ST

Retail premises within Middleton Park Road parade have been offered for sale by private treaty by Michael Steel & Co resulting in a sale to Chantry Vets Ltd, to establish a new veterinary practice. The sale was agreed by the granting of an option to purchase with £20,000 premium payment, in order for the purchaser to obtain planning permission. The sale completed within the option term at a price in excess of the guide.

June 2010 (MAS)

Newton House, Grey Street, Wakefield

Acting on behalf of Normhurst, Michael Steel & Co have offered freehold premises known as Newton House, Grey Street, Wakefield (formerly occupied by Wakefield Office Supplies) extending to approximately 7,000 sq ft and positioned off Leeds Road to the north of Wakefield city centre. A sale was completed in April 2010 to Calder Catering, represented by Simon Miller property, at a purchae price of £245,000.

   April 2010 (MAS)

Former Fielden Engineering Premises - Walton Street, Sowerby Bridge

Factory and office premises of 27,000 sq ft, with separate surface car park, were offered for sale through Michael Steel & Co, by private treaty and inviting offers in the region of £665,000, in December 2009. Terms were agreed for a sale to locally based owner occupiers and the transaction was completed in April 2010.

April 2010 (MAS)

Carrwood Road, Glassoughton (Speedyhire)

Acting on behalf of Speedyhire Michael Steel & Co have, with joint agents Lamb & Swift, completed a letting (sub-letting) of 3,039 sq ft prominent trade counter unit at Carwood Road, Glassoughton, Castleford. The passing rent was £13,063 per annum and terms for a 5 year sub-lease were completed to EPS (Wakefield) Ltd.

April 2010 (MAS)

York Road, Leeds (Speedyhire)

Acting on behalf of Speedyhire Michael Steel & Co have, with joint agents Lamb & Swift, completed a sub-letting of a trade counter depot at 405 York Road in Leeds to Dezine Bathrooms.Com Ltd to facilitate their expansion. The single storey depot premises extending to 4,492 sq ft were held by way of a lease at a passing rent of £17,386 per annum. A five year term at the passing rent is completed.

April 2010 (MAS)

Elland Road, Leeds

Acting on behalf of G R F Financial Limited, Michael Steel & Co have completed the sale of garage workshop premises, in need of refurbishment and overlooking the M621 motorway on the edge of Leeds city centre, to an established garage workshop concern. The premises were offered for sale by private treaty.

February 2010 (MAS) 

Unit A Treefield Industrial Estate, Gildersome, Leeds

Acting on behalf of joint liquidators of B2B Print.com Limited at RSM Tenon, Michael Steel & Co offered the predominantly single storey freehold factory, warehouse and office premises fronting the principle Treefield Industrial Estate road and extending to approximately 18,500 sq ft on a site of 0.85 acres, for sale by private treaty. A sale in the sum of £550,000 completed in February 2010 to a local based property company.

February 2010 (MAS)

Units 14 & 15 Ashfield Way, Whitehall Industrial Estate, Leeds

Acting on behalf of Tony Denham and Sarah Long of DL Partnership LLP, the Liquidators of Barlow Refractory Products Limited, Michael Steel & Co have completed the sale of Units 14 & 15 Ashfield Way, Whitehall Industrial Estate, Leeds on the 30th December 2009. The premises comprise single storey factory and offices extending to approximately 1,700 m² (18,500 sq ft) and were available by private treaty at a guide price of £450,000. The purchaser, CTH UK Limitied, a furniture retail concern, have purchased the premises to form their central distribution and head office facility.

December 2009 (MAS)

Sigma (Leeds) Ltd

Acting on behalf of Sigma (Leeds) Ltd we have purchased the freehold of factory and office premises extending to approximately 4,200 sq ft available through Carter Towler at a guide price of £270,000. The purchase facilitates Sigma's expansion from leasehold premises.

November 2009 (MAS)

Full Sutton Garage, Bridlington Road, Full Sutton

Acting on behalf of Fixed Charge Receivers Garage/Workshop premises of approximately 2,300 sq ft occupying a site of 2.5 acres have been sold to owner occupiers represented by RM English Property Consultants. The premises were available at a guide price of £250,000.

November 2009 (MAS)

Glasshoughton, Castleford Letting

The prominent former Atkinson Fencing Depot at Front Street, Glasshoughton of approximately one quarter of an acre has been let to Hawkin Group by way of a five year FR&I lease following marketing resulting in competing interest for the property and a rent achieved equating to approximately £50,000 per acre.

November 2009 (MAS)

Trade 1

A NEW trade park has been created in Leeds with the major refurbishment of a former car repair workshop.

Southside Trade Park, Gelderd Road, has been created by Leeds based Ogden Waller Properties after the multi-million pound refurbishment of a former Reg Bardy body shop.

The property, which had been run down after being occupied by travellers, was refurbished to create the 25,000 sq ft trade premises after being acquired speculatively by Ogden Waller Properties in early 2007.

The steel portal framed building was originally to be let as four units but has now been leased as one entity by Leeds based property consultants King Sturge & Michael Steel & Co to national tool hire business, HSS hire Ltd, which is creating one of its 'Supercentres' with a large stockholding including specialist ranges of safety, survey, welding, powered access and lifting equipment.

HSS Hire, which has more than twenty branches in Yorkshire, has taken the property on a fifteen year lease with five year break options.

Trade 2

HSS Hire Branch Director, David Downie, says, "We are delighted to have secured such a prominent location and look forward to improving the range of hire services available to our many customers in the city".

A Partner in King Sturge's Industrial Team, Richard Harris, who brokered the deal for Ogden Waller Properties, says, "Ogden Waller Properties has created an excellent new facility by carrying out an extensive refurbishment of this building which had sadly fallen into disrepair".

A Parter at joint agents Leeds based Michael Steel & Co, Alec Michael, says, "It is good to see a valuable site on one of Leeds main arterial routes brought back into good use. The refurbished property represents a solid investment for Ogden Waller Properties and a first rate new base for HSS Hire Ltd which can only bolster Gelderd Road's growing reputation as one of the main trade counter destinations in the city".

Trade 3

Ogden Waller Investment Manager, Dan Suggitt, says "During these difficult trading conditions we are pleased to have secured a strong covenant such as HSS. This letting proves there continues to be activity in the Leeds market place with emand for good quality stock in the right location".

Ogden Waller Group recently relocated to Leeds city centre and its portfolio is now worth around £100m with £20m of development work.

November 2008 (AJM)

Woodhall Park Mount, Calverley, Leeds - Sale of Development Opportunity

These premises, comprising a large Edwardian dwelling of 210m² (2,260 sq ft) within mature grounds of approximately 1.25 acres, have been sold to a private developer, Kelvic Holdings, close to the guide price of £450,000.  The property was offered in conjunction with the availability of topographical and tree surveys, planning permissions and approved drawings.

September 2007 (MAS)

Light industrial and showroom of 10,080 sq ft let in September 2007, on behalf of Machin Upholstery, to CTS Tiling Services Ltd by way of a twenty year FRI lease at £45,000 pax.

Please click here to read full press release

September 07 (MAS)

Havelock Place, Ravensthorpe Industrial Estate, Dewsbury

On behalf of regional investment and development client, Wharfedale Finance Co, property consultants Michael Steel & Co have been successful in introducing new tenants for five vacant units over the last nine months within this popular small starter unit scheme.

Havelock Place is located on the large multi occupational Ravensthorpe Industrial Estate, just off the A644 Huddersfield Road, which links Mirfield and Junction 25 of the M62 with Dewsbury town centre.  The units range from 830 - 1,700 sq ft and new occupiers include “new set ups” along with long established international concerns. Unit 3 is now occupied by Precision Concrete; Unit 2 has been taken by Thornhill Home Improvements for additional storage and Units 5/6 by Chiquitta England Ltd. Chiquitta England Ltd are principally banana ripeners and wholesalers and have occupied a substantial warehouse on the estate for many years.

All units have been occupied by way of new three year agreements with commencing rents in excess of £6 per sq ft. Joint agents were Eddisons in Huddersfield .

Alec Michael, partner at Michael Steel & Co, commented, “On behalf of Wharfedale Finance Co, who now have a huge industrial and commercial portfolio across the West Yorkshire area and further afield, we offer units from as little as 800 sq ft up to their most recent acquisition in Leeds of approaching 250,000 sq ft. Havelock Place has been fully occupied for some time and therefore both our clients and ourselves are delighted that all of the vacant units have been reoccupied so quickly given the general oversupply of leasehold property available in the area which inevitably leads to extended marketing periods”.

September 2007 (AJM)

5 The Knowle, Mirfield

Huddersfield based V & T (Plumbing, Central Heating & Bathrooms) Ltd t/a Aqua Interiors have taken a new three year lease on ground floor retail premises on the The Knowle, near Knowl Post Office, which were formerly occupied by Stone Menswear.

In total, including the lower ground floor storage, the premises extend to approximately 1,000 sq ft with circa 300 sq ft of ground floor retail space.  They have been occupied by way of a new three year lease with a commencing rent of £6,500 pax.

August 06 (AJM)

Acquisition of Stourton Business Park, Leeds

Acting on behalf of Wharfedale Finance Co, Michael Steel & Co have completed the acquisition of a significant freehold factory, warehouse and office complex of over 250,000 sq ft on 10.5 acres, adjacent to the M621 motorway to the south of Leeds city centre.  The factory formerly housed board game manufacturers, Waddingtons, and is now to form a South Leeds premier business park offering office, factory and warehouse units from  2,500 - 251,000 sq ft on competitive lease terms.  Michael Steel & Co have been appointed letting agents.

Please click here to view press release

March 2006 (MAS)

Global Autocare's Expansion to Cross Green, Leeds

Only fifteen months after the purchase and relocation to a modern 20,000 sq ft facility at Kirkstall Road, Leeds, Michael Steel & Co have completed the purchase of new 6,550m² (70,500 sq ft) single storey factory/warehouse and offices in Cross Green, Leeds on behalf of specialist fleet automotive concern, Global Autocare.  The purchase has been necessary to facilitate Global's continued expansion.

Click here to read press release

March 2006 (MAS)

Huntington/Boughton Heath, Cheshire

Part of the former MOD Saighton Camp, extending to approximately 6 hectares (14.8 acres), has been purchased for redevelopment by the leading developer of exclusive executive homes, Taylor Woodrow Developments Ltd, and were represented in the purchase by Michael Steel & Co.

The site includes former military living quarters and other military based accommodation and is located in the Huntington/Boughton Heath area on the south east side of Chester city centre, two miles to the south west of Eaton Hall (The Duke of Grosvenor's residence) and approximately one mile to the north of the attractive village of Saighton.

The site was purchased with the benefit of a conditional planning permission for 103 dwellings from the dynamic land and development facilitator, Commercial Estates Group Ltd, who were jointly represented by Hawksmore Property Services and Peter Vernon of Vernon & Co.

The site was offered for sale to selected parties specifically associated with the ability to perform with confidence and unconditionally in the purchase of a site of this size and quality, with the availability of a technical information pack.

'Sites of this quality rarely come to the market and when they do, they warrant and deserve the detail and attention of a high profile developer synonymous with the delivery of a genuinely luxury product, such as Taylor Woodrow' says Andrew Steel, partner at Michael Steel & Co.

March 2006 (MAS)

Park Mill Way, Clayton West

Wesco Aircraft Europe, who occupy in excess of 20,000 sq ft in an adjacent modern unit, have continued their expansion with the securing of a further 6,000 sq ft near Kirklees light railway in Clayton West, Huddersfield.  American owned Wesco relocated from Holmfirth in the late 1990s and the additional space will allow them to continue their rapid expansion plans.

The unit has been leased from private property investors, Formforce Ltd, by way of a new nine year lease, incorporating three yearly rent reviews, with a rent equivalent to circa £5 per sq ft.  Following an in principle agreement being reached in mid January the premises were occupied by Wesco in February 2006.

February 2006 (AJM)

Heaton Estate, Bradford Road, Brighouse

Following the occupation of Unit 15 Heaton Estate by Quick Slide, who relocated from Huddersfield, the final unit at Heaton Estate has been let to Taylor's Trailers, who are also relocating from Huddersfield.

Taylor's Trailers have sold their existing premises at Cellars Clough Business Park, Marsden - which is subject to plans for redevelopment - and specifically targetted the Brighouse area given its accessibility to the motorway network.  Unit 10 provides slightly in excess of 10,300 sq ft of good quality open plan industrial space just off the main Bradford Road only a short distance from Brighouse town centre and Junction 25 of the M62.

The premises have been taken by way of a new ten year lease with a commencing rent of £40,000 pax.

January 2006 (AJM)

Gledholt Business Park, Paddock

Acting on behalf of longstanding client, Mr Bill Cran - co founder of Birkby Group and former Chairman of Headway plc - of private investment company Cerros Properties, Michael Steel & Co has completed the letting of the final two vacant units at Gledholt Business Park.  Gledholt Business Park was constructed in the mid 1990s and provides fourteen high quality modern units of 1,000 - 4,000 sq ft.

Unit A2, which was previously occupied by Ben Shaws Soft Drinks, has been taken by Doortique, who are to provide architectural ironmongery to the local and regional marketplace.  Unit B5 Gledholt Business Park, being a similar size to Unit A2 at 1,600 sq ft, has been let to Glasgow based Clyde Bergmann Ltd, who are relocating from smaller space in Slaithwaite.

Both units have been taken by way of new three year leases with rents equivalent to £5 per sq ft.

January 2006 (AJM)

Acquisition of Premises at Moor Top, Drighlington

This opportunity represented a deal of two halves; approximately half of the factory and office complex on a site of 6.25 acres was subject to a leaseback to Drake Extrusion Systems Ltd with the remainder forming a redundant complex of industrial buildings with the potential for three developments.  Michael Steel & Co completed the purchase in January 2006 on behalf of Sandicroft Developments Ltd, who were able and prepared to undertake significant site and planning investigations in order to gauge the uplift in value released through the planning potential and proceed with an unconditional purchase reflecting the planning risks.  Encia Consulting and Encia Remediation advised Sandicroft Developments in respect of the environmental, geo-technical and physical aspects of the redevelopment.

'The correct balance of appetite for upfront speculative works and investigations together with the opportunity to gauge the uplift in value, whilst also correctly assessing the investment worth of the leaseback section of the property, were necessary ingredients to deliver a purchaser to this vendor on the optimum terms' commented Andrew Steel, partner at Michael Steel & Co.

January 2006 (MAS)

Leopold Works, Armytage Road Industrial Estate, Brighouse

Following the acquisition of new larger warehouse premises in Elland for current occupants, Medicare Technology Group, we have been successful on behalf of private investor clients in letting their existing premises, Leopold Works, Brighouse to Halifax based Dyson Insulations Ltd.  Leopold Works comprises a highly prominent warehouse and office facility on the main Armytage Road Industrial Estate, only a short distance from Junction 25 of the M62.  Dyson Insulation have taken a new ten year lease at the equivalent of £4.50 per sq ft.

Dysons, who are now in the process of selling their main site of nearly 1.5 acres in Hipperholme, intend to put the majority of their insulation supplies and merchant operation under one roof.

January 2006 (AJM)

49 Bank Street, Ossett

Representing a private investor client, Michael Steel & Co were successful in agreeing terms less than one month after placing these premises on to the market, following acquisition of the building earlier in the year.

The premises are situated in the centre of Ossett, close to Ossett Police Station, and have been taken by Stewart & Wood Wealth Management, who intend to offer financial services - coincidentally a similar use to the previous occupants.

The premises have been leased by way of a new three year agreement with a commencing rent close to the guide rent of £8,750 pax.

December 2005 (AJM)

Lingwell Gate Lane, Thorpe, Leeds

Michael Steel & Co acted as acquisition agents and members of the client due diligence team on behalf of Taylor Woodrow Developments Ltd in the purchase of a 5.5 acre brownfield residential development site selectively offered in the market on behalf of Marshalls plc by Adair Paxton Surveyors in Leeds.  The agreed price, in excess of £4m, equates to a net greenfield land value in excess of £1m per developable acre.

Andrew Steel, partner at Michael Steel & Co, comments 'The site offers development potential for a total of eighty-five units including large high quality detached homes, semi-detached dwellings, seventeen town houses and apartments which complements Taylor Woodrow's land bank and portfolio within the region.  The site was purchased with the benefit of outline planning permission in record time, whilst being extremely complex in respect of planning and physical issues affecting the property.  Taylor Woodrow, a leading and proactive housebuilder in the region, were able to swiftly address all of the issues and perform within a tight and challenging timescale stipulated by the vendors.'

December 2005 (MAS)

Darwen, Lancashire - Sale & Leaseback

Representing Stirling Investments, Michael Steel & Co purchased a circa £3m lot size sale and leaseback of a factory and office complex in Darwen, Lancashire.  The James Richard Partnership represented the vendors, Chapelthorpe plc, in the deal which was completed within four weeks from conception to conclusion.

November 2005 (MAS)

High Specification Offices - Unit 2 Gateway Drive, Yeadon, Leeds

Acting on behalf of Hollinbay Consultancy Services Ltd, Michael Steel & Co have acquired high specification modern office premises at Gateway Drive in Yeadon of 287.30 m² (3,093 sq ft).

The premises have been acquired by way of a five year tenant's full repairing and insuring lease incorporating a break clause at a rent rising to £35,000 per annum exclusive.

The acquisition of Hollinbay Consultancy Services' new premises facilitates their expansion from office and workshop premises at East Parade, Ilkley.

October 2005 (MAS)

Sewell Moorhouse relocate and move up - to Third Floor, St Andrews House, Leeds 1

Michael Steel & Co have represented Sewell Moorhouse, a specialist accounting and financial recruitment consultancy, in connection with their Leeds office relocation.

Sewell Moorhouse have offices in Sheffield, Doncaster and Leeds and their Leeds presence has moved from a ground floor suite at Park Place to newly refurbished offices of approximately 2,000 sq ft at St Andrews House, The Headrow, Leeds 1.

The premises have been acquired by way of a five year lease at at headline rent equating to £17 per sq ft with a capital contribution towards fit out and a moving in allowance.

Michael Steel & Co negotiated a short term extension to Sewell Moorhouse's lease at their Park Place premises to facilitate the relocation and the optimum solution in respect of their dilapidations.

Click here to read press release.

October 2005 (MAS)

Unit 1, Hunslet Trading Estate, Leeds

Acting on behalf of British Waterways, Michael Steel & Co have completed the letting of the newly refurbished light industrial and office premises at Hunslet Trading Estate.

The tenant, A Baldwin & Co (Builders) Ltd have relocated their Leeds depot premises through the acquisition of a five year tenant's full repairing and insuring lease at a rent equating to £4.50 per sq ft.  Unit 1 is the smallest of four units available through Michael Steel & Co, extending to 660 m² (7,104 sq ft).

October 2005 (MAS)

Unit 11 Spafield Mill, Upper Road, Batley

Following surplus space being marketed through another firm for in excess of twelve months, after only three months of offering Unit 11 Spafield Mill, Upper Road, Batley on behalf of Spafield Properties Ltd, Michael Steel & Co have secured a letting to Batley based Joshua Ellis & Co Ltd.  Joshua Ellis & Co Ltd, who are based within significantly larger new premises on Grange Road in Batley, have been seeking additional space following part of their warehouse facilities being fire damaged earlier this year.

Unit 11 comprises a modern industrial/warehouse unit of 686 m² (7,389 sq ft) to the rear of the large complex and has been let by way of a new lease at the guide rent of £26,000 per annum exclusive.

Sept 2005 (AJM)

Pine Court, Pine Street, Huddersfield

Following the sale of Pine Court, Pine Street, Huddersfield to private investors earlier in the year, Michael Steel & Co have acted in conjunction with Walker Singleton in Halifax to let the premises to Huddersfield based Theatre In Ltd, who are a creative training and communications company dealing with both public and private sector organisations.

The premises, located only a short distance from Huddersfield town centre, will be used for rehearsal and office space along with the development of props and costumes.  The premises extend to 231 m² (2,490 sq ft) and have been let on flexible terms with a commencing rent of £11,250 per annum exclusive.

Sept 2005 (AJM)

Former Schofields Transport, A642 Bridge Road, Horbury Bridge

Upon the instructions of Precious Holdings (Wakefield) Ltd, Michael Steel & Co have successfully let the former Schofields Transport workshop premises, which are located in a highly prominent position to the A642 Bridge Road in the centre of Horbury Bridge which links Huddersfield with Wakefield city centre.

The premises have been let, excluding the rear land, to NCT Ltd t/a Ocean Drive and will be utilised, following the requisite change of use planning consent, as a drive through car wash with associated cafe facilities.

The premises extend to 334 m² (3,600 sq ft) and have been let by way of a new six year lease incorporating three yearly rent reviews at a rent close to the commencing guide of £25,000 per annum exclusive.

July 2005 (AJM)

Beza Road, Hunslet, Leeds - Acquired

Acting on behalf of the Trustees of a director's personal pension scheme, Michael Steel & Co have acquired a former south Leeds builders' merchants' freehold premises in Hunslet.

Whilst the premises were offered to the open market, negotiations for the property's purchase were already in hand following the search for new freehold office, showroom and factory accommodation to facilitate Imageco Visual Imaging's requirement.  The new factory premises of 22,400 sq ft had been purchased at the level of the guide price in the sum of £800,000 and are now to be the subject of a significant refurbishment and extension.

July 2005 (MAS)

Former Squires Cafe, Kirkgate, Sherburn In Elmet - Developer Rides In On The Bikers

Michael Steel & Co have acted on behalf of Rawfield Developments Ltd in connection with their acquisition of the former Squires Bikers' Cafe site on the main street in the centre of Sherburn In Elmet.  The site was offered to the market be Colliers CRE Leeds office on behalf of Aberford Investments (Yorks).

Rawfield Developments are shortly to commence the redevelopment of the site for twelve luxury apartments with car parking within bespoke designed three storey blocks to be offered for sale as a whole or individually.

The price paid for the site pre demolition and preparation equated to £1,530,000 per acre.

For information in connection with apartment sales, please click here to contact Andrew Steel or click here to read press release.

June 05 (MAS)

Unit 7 Old Fieldhouse Lane, off Leeds Road, Huddersfield

Modern single storey steel portal framed unit with yard extending to 295.34 m² (3,179 sq ft) let on behalf of private investor clients at the asking rent of £15,900 per annum (£5/sq ft) to Huddersfield & District Textile Training Co Ltd.

Click here to read press release 

January 2005 (MAS)

Former Lowe Engineering Premises, Kirkstall Road, Leeds

Acting on behalf of Global Autocare Ltd, the freehold interest has been acquired in the industrial and office premises extending to 17,200 sq ft on a site of approximately two acres fronting Kirkstall Road.  The acquisition facilitates Global Autocare's relocation from premises at Penraevon Industrial Estate

Click here to read press release

January 2005 (MAS)

Birkby Lane, Bailiff Bridge, Brighouse

Former bowling green, clubhouse, band room, two semi-detached dwellings let on protected tenancies and a car park with development potential were sold in December 2004 to Blackshaw Holdings.  The availability of the property generated significant interest from a wide cross section of investors and developers, culminating in 'best offers' tender and a price approaching £300,000.

Click here to read press release

January 2005 (MAS)

GEOfabrics Relocate to Stourton, Leeds

Construction textiles company, GEOfabrics Ltd, are in the process of completing their relocation from their existing site in Liversedge to a new modern 3,716 m² (40,000 sq ft) premises at Stourton, Leeds.  The high profile premises benefit from a site area in excess of four acres and attractive lease terms were agreed at the equivalent of only £3/sq ft following an initial guide rent of £185,000 per annum exclusive.

Click here to read press release

January 2005 (AJM)

56 - 62 Daisy Hill, Dewsbury

Late last year West Yorkshire property consultants, Michael Steel & Co, completed the disposal of Hombarts furniture store in Dewsbury, following an extremely brief marketing period.  The premises extended to approximately 511 m² (5,500 sq ft) of principally two storey retail space close to Dewsbury town centre and were bought by a local investor at an undisclosed figure.  The premises were initially offered on a leasehold basis with a guide rent in the region of £27,500 per annum exclusive.

Click here to read press release

January 2005 (AJM)

Units 3 & 4 Riverside Court

On behalf of retained clients, Beckview Business Parks Ltd, Units 3 & 4 Riverside Court have been let to Electrical Wholesale (Huddersfield) Ltd.  The letting of the unit, which extendis to 195m² (2,100 sq ft), follows on from the letting of the adjacent unit late last year to Glasgow based electrical contractors, Holland House, where rents in excess of £7/sq ft have been achieved on both buildings.

Riverside Court is well located only a short distance from Huddersfield town centre, with nearby occupiers including Plumb Center, Edmondson Electrical and the University of Huddersfield.

January 2005 (AJM)

Carr Street & Knowler Hill, Liversedge

Acting on behalf of Wharfedale Finance Co, two small light industrial units of 4,200 sq ft and 1,200 sq ft have been let within weeks of becoming available at rents of approximately £12,000 and £4,000 per annum respectively.

December 2004 (MAS)

Leeds City Centre Offices

Michael Steel & Co represented the professional practices of Oddy Tomlinson and BWC Solutions in their leasehold acquisition of Leeds city centre offices at 6 - 8 York Place and 8 Park Place and in January 2005 acted on behalf of Deal Flow Capital in their acquisition of Suite 1 Yorkshire Bank Chambers, Infirmary Street, a total of in excess of 6,000 sq ft of Leeds 1 office accommodation.

December 2004 (MAS)

18/18a Brewery Lane, Thornhill Lees, Dewsbury

Michael Steel & Co have completed the disposal of premises on Brewery Lane in Thornhill Lees on behalf of a private Dewsbury based investment company.  The premises, which extend to 91 m² (980 sq ft) of former surgery/office space at ground floor in addition to a first floor self contained flat, have been acquired by Raja Properties Ltd, who already own a sizeable portfolio in the North Kirklees area.  The premises, following significant interest, were sold at substantially in excess of £100,000 following an initial guide price of offers in the region of £75,000.

Click here to read press release

December 2004 (AJM)

1 - 3 Sykes Street, Castleford

Acting on behalf of Major Recruitment Ltd, the freehold interest in this Castleford town centre showroom and office with first floor storage accommodation, offering the potential for secondary retail and additional office use, was acquired from the freeholders, Houghtons.  The property had been offered to the market through Neil Thornber Commercial.

November 2004 (MAS)

Lapwater Hall & Restaurant, Tong

Michael Steel & Co advised the vendors of Lapwater Hall in connection with a disposal to restaurateurs with a number of other outlets within the area.  The sale of the transaction completed towards the end of 2004.

November 2004 (MAS)

Imperial Filling Station, 400 Leeds Road, Huddersfield

Huddersfield based development and investment company, Beckview Business Parks Ltd, have secured a further local acquisition with the purchase of Imperial Service Station on Leeds Road from former owners, Batley based Spring Petroleum.  The site traded as a filling station until Autumn 2004 and extends to approximately 1/3 acre and was secured on an unconditional basis at a figure well below the guide price of offers in excess of £400,000.

Planning consent has subsequently been obtained for new warehouse/industrial development, with units from 2,600 - 3,900 sq ft, all of which are already receiving strong demand from national and regional trade warehouse operators at rents approaching £10/sq ft.

Click here to read press release

November 2004 (AJM)

Ings Road, Leeds

Dewsbury based Dewlon Development Co has increased the size of their property portfolio with the acquisition of a 2,341 m² (25,200 sq ft) factory and office building on the outskirts of Leeds.  Michael Steel & Co, Leeds based property consultants, have acquired the premises for Dewlon from the current occupants, Sound Leisure Ltd, on an unconditional basis at below the initial guide price of £525,000.  The premises are now being reoffered by Michael Steel & Co on flexible leasehold terms with a commencing rent in the region of £82,500 per annum exclusive.

Click here to read press release

November 2004 (AJM)

Wakefield Road, Brighouse

The former Reliance Garage site, situated in a highly prominent position between J25 of the M62 and Brighouse town centre, has not only been vacated by its former owners, Bramall DAF, but now re-let to national builders merchants, Travis Perkins. 

The site's new owners, Nivlac Investments, have agreed a new twenty year lease on the site, part of which is to be refurbished following a fire in Autumn and it is anticipated that Travis Perkins will be trading from the site in early 2005.  The highly prominent premises, extending to approximately 28,000 sq ft on 1.5 acres, had previously been utilised as a repair garage and sales pitch for many years and nearby occupiers include Ceramic Prints Ltd and Romida Sports.

The rent achieved was in the region of £4/sq ft.

November 2004 (AJM)

Unit C Gledholt Business Park, Paddock, Huddersfield

Following the vacation by Somerset Park (UK) Ltd, Michael Steel & Co were successful in securing an early new letting on behalf of clients, Beckview Business Parks Ltd, of this modern unit extending to 358m² (3,850 sq ft).  The premises have been occupied by Marsh based Drivability Ltd, who are involved in the service and repair along with the sale of scooters, wheelchairs and powerchairs for the disabled.

The property has been let by way of a new six year tenant's full repairing and insuring lease with a commencing rent equivalent to approximately £4.25/sq ft.

November 2004 (AJM)

Unit 1 Riverside Court, Colne Road, Huddersfield

Glasgow based Holland House Electrical Supplies Ltd have continued their active expansion programme by securing new high profile premises of 150m² (1,614 sq ft) at Riverside Court, Colne Road, Huddersfield, which is a popular modern industrial estate.  This has allowed Holland House to relocate from their smaller secondary premises in the Brighouse area and the rent achieved was in excess of £7/sq ft.

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  October 2004 (AJM)

Greenhill Nurseries, Hill End Road, Armley, Leeds

A former mushroom cultivation and processing facility with the benefit of outline planning permission for residential development, with a suggested density of forty-five units, was sold by informal tender in conjunction with a purchasers' pack of information including reports following site investigations, planning information and the title details.  Taking into account our assessment of the abnormal development costs associated with the planning matters and the site's remediation, the price achieved from the sale to Barratt Leeds exceeds £1m per developable acre.

September 2004 (MAS)

Land on Grange Valley Road, off Grange Road, Batley

On behalf of private clients, a compound area situated adjacent to modern Royal Mail premises on Grange Valley Road, Batley, has been sold by Michael Steel & Co.  The compound has been occupied by north east based E S Access Platforms by way of a three year lease agreement with a current passing rent of £9,880 per annum exclusive.

The land has been bought by regional investment and development company, Wharfedale Finance Co, who own the adjacent Grange Valley development where new build units have recently been completed for Joshua Ellis Co Ltd and Puma UK Ltd.

September 2004 (AJM)

Green Lane Industrial Estate, Featherstone

Acting on behalf of a private developer, jointly with Eddisons, Michael Steel & Co offered to the market and arranged a sale of the freehold interest in new factory and office premises extending to 71,000 sq ft to Frontline Ceramics Ltd at a price equating to approximately £36/sq ft based upon a 'shell' specification.

September 2004 (MAS)

Unit 2 Valley Road, Liversedge

On behalf of Birstall based Wharfedale Finance Co, Michael Steel & Co have completed a new three year tenancy agreement on Unit 2 Valley Road, which is a single storey workshop of 167 m² (1,800 sq ft).  The premises are well located between the main Halifax Road and A638 Bradford Road, close to their intersection with the A62 Huddersfield to Leeds Road.

The property has been let to Suspended Ceilings Ltd, as their new depot and offices following their relocation from Brighouse.

September 2004 (AJM)

Brook Street, Selby

A fish and chip shop business and freehold premises were acquired for private investor clients.  The terms of the transaction were negotiated 'off market' and the business continues to trade with the existing staff and management.

August 2004 (MAS)

Part Southfield Mills, Burton Acres Lane, High Burton, Huddersfield

Acting on behalf of a national housebuilder, jointly with Eddisons, residential development land with full planning permission for fifty-one units was sold to Bellway Homes.  Terms for the sale were conducted by way of an informal tender.

August 2004 (MAS)