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Freehold Industrial Building in Wakefield Sold to Safety Platforms Ltd

28 Jul 2022

SMC Brownill Vickers have sold Cockcroft Mill, 67-69 Alverthorpe Road in Wakefield.

The freehold building of approximately 15,000 sq ft within a site of 0.46 acres has been snapped up by Safety Platforms Ltd. Francois Neyerlin at SMC Brownill Vickers acted on behalf of a private vendor.

The property offered great potential for owner occupation or development, with the site benefitting from a planning consent for 42 residential apartments. The property had been marketed by a national commercial property agent, focusing on the development angle without success. Once instructed SMC Brownill Vickers refocused marketing efforts to appeal to owner occupiers, given the shortage of industrial stock available across the regional market.

SMC Brownil Vickers were Instructed at the end of 2021, quickly generating a high level of buyer interest, from occupiers, investors and developers. After an initial transaction aborted due to the original buyer withdrawing, another buyer was found almost immediately to conclude a successful freehold sale.

SMC Brownill Vickers are extremely pleased to assisted with this industrial sale, and complete a transaction in just over six months from commencement of instructions.

If you need a commercial property agent to market your freehold commercial building or development opportunity, please call SMC Brownill Vickers on 0114 281 2183.

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