CPP advises on the sale of a £2.2m warehouse in Halifax

March 24th, 2020

Investor commits to West Yorkshire through purchase of Dunelm warehouse

Leading property consultants Commercial Property Partners (CPP) has successfully advised on the sale of a £2.2m modern retail warehouse facility totalling 16,394 sq ft on Pelton Lane in Halifax.

Located adjacent to Halifax Retail Park, on the main arterial route through Halifax, the property is let to Dunelm for a further 8 years.

The property comprises a detached, purpose-built retail warehouse facility with a mezzanine sales area installed by the tenant of approximately 13,500 sq ft.

There is a car park to the front of the building with 55 marked spaces, accessed from Bedford Street North to the west of the building.

In addition, there is a loading area to the rear of the property which is also accessed from Bedford Street North.

Nearby occupiers include Poundstretcher, British Heart Foundation, Carpetright, Screwfix and The Range.

Richard Wright, Partner at CPP commented: “A pleasing result in a sector which has been facing considerable turmoil in recent years, we had good levels of interest, which shows that providing the fundamentals are sound, there is still investor appetite in the sector.

“Dunelm posted exceptionally strong trading results for the first quarter of 2020, which evidently assisted with the disposal.”