Henry Boot Developments Limited has completed the investment sale of a 52,000 sq ft high specification building, the former Dixons Motor distribution unit, at Thorne Park Business Park, Doncaster, to Yorkshire based Jack Lunn (Properties) Limited. The unit occupier, Doncaster based Boxes & Packaging (Doncaster) Limited signed a 10-year lease from October 2015, following the complete refurbishment of the unit by Henry Boot Developments.
Vivienne Clements, Director at Henry Boot Developments commented: “We are extremely pleased to announce the investment sale of the Boxes & Packaging unit. The sale represents a strong yield, and as a developer we are pleased to see confidence from investors in the market for properties such as those at Thorne Park.
The units are extremely high quality and as a result we have seen very high levels of interest from potential local occupiers. Out of 150,000 sq ft we now only have two units remaining of 30,000 sq ft and 18,000 sq ft which are available on a freehold or leasehold basis. We are confident that deals for these remaining two units will complete very soon.”
Carl Wright, Property Director at Jack Lunn (Properties) Ltd, commented: “We are very happy that the purchase of the unit at Thorne Park has completed. Henry Boot Developments are consistent in the quality of the units they develop and this is an excellent addition to our expanding Yorkshire property portfolio.”
Smith & Co, acted on behalf of the purchaser, and JLL and Eaton Commercial, acted on behalf of the vendor and brokered the investment deal between Henry Boot Developments and Jack Lunn.
If you would like more information regarding available units at Thorne Park, contact one of the leasing agents below:
Siobhan Riley, Atkinson Associates, 0113 244 3242
Rich Harris, JLL, 0113 244 6440
Robert Eaton, Eaton Commercial, 0114 257 3443