LC Industrial sells South Elmshall industrial property for £1.95m
Wed 20 Sep 2017
LC Industrial has sold the former Delmonte warehouse at South Elmsall, near Wakefield, for £1.95 million to Barnsley’s Silkstone Finance.
Ultima Furniture – Silkstone Finance’s sister company – will use the 44,000 sq ft building for storage and distribution.
LC Industrial, a tie up between LRE Capital and Leeds-based business specialist Citivale, spent £290,000 on a comprehensive refurbishment of the building.
Owen Holder, MD of Holder & Co, who advised LC Industrial, said: “It is a tribute to Citivale’s considered management strategy and quality refurbishment that they were able to secure an occupier.
“Ultima are a local company and this serves to further underline and increase their investment in this region.”
Peter Evans, associate director of Citivale, added: “We saw this as an excellent opportunity to add value to the property by attracting a prestigious occupier – and this is exactly what has happened.”
The property is approximately 10 miles between Doncaster and Wakefield and 10 miles south of Junction 33 of the M62 via the new A638 bypass and 10 miles north of Junction 2 of the M18.
Atricle and image source The Business Link