January, 2019
Property News

Towngate reveals revamp plans for new Gelderd Road site

by Julia Ford

Following the recent announcement that Towngate PLC has acquired an industrial warehouse on Gelderd Road in a £3m deal, the commercial lettings specialist and landlord has now unveiled its refurbishment plans for the 62,000 sqft space.

Acquired by Carter Towler on behalf of Towngate Plc, the freehold property was previously occupied by wholesaler Palmer & Harvey. Located at 135 Gelderd Road – less than 1 mile from Leeds city centre and the Motorway Network – the site is excellently located within Leeds’s prime industrial/trade area, and complements Towngate’s existing portfolio of properties in the area.

Now completion of the purchase has taken place, a total refurbishment of the site is due to commence imminently. This will entail, a new roof to the main section of the building, demolition of outbuildings to create a large service yard, and installation of additional loading doors which will increase loading capacity and boost circulation efficiency.

Once complete the facility will offer an impressive looking building with a clear working height of 10 metres, plus extensive yard and parking areas.

Josh Holmes, director at Carter Towler commented on the property’s potential: “Interest in the site is already encouraging, with occupiers expressing enthusiasm regarding the proposed works. With plans in place to conduct a full refurb, Towngate is on track to transform it into a highly sought-after warehouse space – perfect for companies operating in the urban logistics and trade leasing market.

“We’re happy to see Towngate adding to its impressive portfolio of industrial properties, and looking forward to seeing the site’s full potential realised.”

With its close proximity to the city centre and excellent transport links, the warehouse is ideally situated for occupants within the logistics and transportation sector and is expected to be in high demand.

Elaborating on the refurbishment plans for the newly acquired site, property manager Tom Lamb said: “We are delighted to add yet another warehouse unit to our portfolio of Leeds properties on Gelderd Road. It’s in a prime location, whilst its highly functional space has tonnes of potential which we can’t wait to build on.

“We’re excited to start the revamp and breathe new life into the site. Demand for such industrial units is healthy in the Leeds area, so we’re confident there’ll be no shortage of interest.”

Renovation of the newly branded Gelderd Cross is expected to conclude later this year and the property will be marketed to let via Carter Towler and Eddisons. For further information please contact agent’s or Towngate’s Property Manager; Tom Lamb/ Marketing Manager Julia Ford viewing should contact Towngate’s marketing manager Julia Ford.