Holmfirth-based commercial property specialist Towndoor Ltd has sold one of its six industrial estates for £4.25 million.
The Bent Ley Industrial Estate in Meltham, a fully tenanted investment site, has been acquired by an undisclosed property investor.
Towndoor initially purchased the site 20 years ago and developed it over several years to accommodate a diverse range of businesses, which have included a coffee roastery, plastic injection moulding site, fireplace factory, horsebox manufacturer and textile storage facility.
Family-owned Towndoor has been actively developing and letting commercial properties since 1998, from warehousing to office space.
Managing director Dan Bamforth said: “We are delighted to have completed on the sale of Bent Ley. The strong sale amount achieved represents the quality of this industrial site.
“It has always been immaculately maintained and managed by our fantastic in-house team and is testament to the calibre of tenants we have secured during our ownership.
“My team and I would like to wish the buyer and their new tenants continued success. Towndoor has plans to develop retained land on its other sites whilst reducing a portion of its bank facility with the proceeds.”
Laura Kurowski, of Wilkinson Woodward Solicitors, said: “We were extremely pleased to support Towndoor with the sale of what is a well-known estate in Meltham and we would like to wish the new owners all the very best with their plans for the site.”
Jonathan Wilson, of Bramleys Commercial, said: “Bramleys are delighted to have acted on behalf of Towndoor. The transaction is another example of the continued appetite within the market for high quality industrial investment assets.”
For more about Towndoor go to www.towndoor.co.uk.
