ATZ Developments, a Yorkshire based development company, has purchased a 60,000sq ft multi-let mill complex in Batley, West Yorkshire.
Hickwell Mills, which comprises of 16 units and is currently let to a total of eight tenants, was sold to ATZ developments by Leeds-based property consultancy Sanderson Weatherall.
Commenting on the sale, Jonathon White, industrial agent at Sanderson Weatherall said, “We are delighted to have sold this site on behalf of the vendors.
“The site is a great acquisition for ATZ with the individual units currently producing circa £57,000 per annum providing a strong return on their investment. With tenancy agreements expiring throughout 2018 and 2019 the site provides ATZ with a number of excellent management opportunities, as well as the option to explore the redevelopment potential of the site, subject to necessary consents.
“We experienced good levels of interest for the unit as demand for income producing assets across the region remains strong with relatively few opportunities currently coming to the market.”