Building Briefs: Lateral; Princes Square; Qudos; Walker Singleton
LATERAL Property Group has acquired a prominent vacant retail unit in Harrogate.
Lateral said it is in discussions with a number of prospective retailers that have shown interest in taking a lease at 6 Cambridge Crescent, currently occupied by Yorkshire Building Society, which is relocating elsewhere in the town centre.
The site is situated at the confluence of the town’s primary pitches opposite Bettys Tea Rooms on Parliament Street.
Marcus Briggs, retail development director at Lateral, said: “Harrogate’s retail economy continues to go from strength to strength. Over 25 new high end retailers have come to the town in recent years including Whistles, Jigsaw, Molton Brown, Apple, Joules, Mint Velvet and L’Occitane, to name but a few.
“6 Cambridge Crescent has a beautiful façade and will provide an opportunity for those retailers keen to join the quality brands already represented in Harrogate.”
Lateral has recently secured planning consent for the transformation of Parliament Street into a dining destination with a new façade for Harrogate House, a relic from the 60s. Jamie’s Italian is anchoring this development.
SGM and Bruce Gillingham Pollard have been appointed letting agents for Cambridge Crescent.
::::
A CORNER of Princes Square in Harrogate’s professional core has seen major investment over the last 12 months and is now fully let.
The redevelopment of the period property known as 11/11a Princes Square and 6 Raglan Street, acquired in early 2012, is now complete.
It is now home to The Square, a basement restaurant run by Darren and Debbie Gladman, and Linley & Simpson has recently opened its new Harrogate office at the property within a fully refurbished ground floor suite.
Nick Salkeld, of Fox Lloyd Jones who brokered the deal, said: “Following a successful disposal, we were delighted to have been approached to act as lettings agent for the scheme. Linley & Simpson were looking to improve their presence in Harrogate and the new office has successfully achieved this.”
He added: “The developer has produced an outstanding scheme which has greatly improved Princes Square as a leisure and office destination. The property is now fully let having generated strong interest and is testimony to occupier’s appetite for good quality space.”
Other occupiers include Lime Lace, Invigorate Recruitment, ASC Finance for Business, Birkdale Group and Media Generation.
The developer declined to be named.
:::
PANTOMIME producer Qudos Entertainment is selling one of its assets, The Tanglewood Restaurant in York.
The Leeds-based licensed and leisure team of Colliers International has been instructed to sell the restaurant on Malton Road at a guide price of around £750,000.
Qdos Entertainment is a Scarborough and London-based entertainment group which operates 10 theatres and concert halls throughout the UK.
The business employs more than 2,000 staff over 18 sites, which include 13 food and beverage outlets including The Tanglewood and the Copper Horse Restaurant and Cottages at Seamer near Scarborough.
The Tanglewood was bought by Qudos owners Nick and Sandra Thomas in 2009 and was subject to major refurbishment before re-opening in 2010.
The property comprises ground floor trading area and separate function room and can accommodate more than 260 diners at one time. There is a private apartment and a car park within the 1.5 acre site.
:::
THE Bradford office of commercial agents Walker Singleton is reporting high levels of demand for Bradford industrial sites and after concluding a number of lettings leading to two sites being fully let.
A 3,486 sq ft modern unit has been let at Towngate Business Centre on Windsor Street off Wakefield Road on behalf of landlords Towngate to General All Purpose Plastics.
Other occupiers include Plumb Centre.
Elsewhere the final unit of 1,750 sq ft at Wellington Business Park on Sticker Lane has been let to a new company providing PTFE plastic hoses for the pharmaceutical industry.
“Lettings of these units and bringing both estates to a fully let position are an advantage not only to our clients, but also to Bradford as a whole,” said Jonathan O’Connor, associate at Walker Singleton.
“Alongside other recent lettings we have been involved in in the Bradford area including two recent lettings on Commondale Way on the Euroway Industrial Estate and five lettings at Fowler Street Industrial Estate off Wakefield Road, this shows a significant demand within the Bradford industrial sectors. For certain sized requirements within the Bradford district there is now becoming a shortage of available units and as businesses continue their interest in the area this can only be good for the city as a whole.”
:::
TWO refurbished trade counter units are now available to rent at a South Yorkshire business park.
Developer Primesite UK is now looking for tenants for the units at Savile Business Park in Sheffield.
Lambert Smith Hampton and Eaton Commercial have been appointed to market the units.
Rob Darrington, associate director at Lambert Smith Hampton, said: “After a refurbishment programme, these units provide a unique opportunity for a national or regional trade counter business to trade right alongside automotive giant Halfords Autocentres.
“Halfords opened its Autocentre on the business park last year following its acquisition of Nationwide Autocentres for £73.2m back in 2010; since then the outlet has attracted significant footfall. Global component manufacturer and copier/printer brand Kyocera also has a unit on the site so any business relocating or expanding to these units will be in good company.”
Mr Darrington said the area is also one of the main motor trade locations in Sheffield with nearby occupiers including Just Car Clinic, Guy Salmon Land Rover, Sytner Mini, Lookers Ford, Harratts Volvo and Nissan and Pentagon Vauxhall.
“With generous customer parking and HGV access, the location has already proved very popular with only two units remaining. Savile Street has recently re-established itself as a trade destination and gateway to the city with the opening of the new Tesco Extra and improvements to the Wicker and ring road,” he added.
“There is now a window of opportunity for any occupier to take advantage of the remaining units at Savile Business Park.”
