Carter Towler’s Industrial Agency team has been advising MCM Group on the redevelopment and marketing of a 38,000 sq ft warehouse at Felnex Road off Pontefract Lane, Leeds.
Planning permission has been granted and the building will now be completely stripped back to its frame and reformatted. In order to maximise the 1.68-acre site, the footprint of the original property will be reduced to 28,537 sq ft which in turn will provide additional yard space and parking areas making it ideal for use as a warehousing or trade counter.
Commenting on the scheme, MCM Group’s Investment Director Douglas Cranston said: “We are really excited to see this project get underway and complete an extensive refurbishment that will future proof such a well-located asset. We are aiming for the new property to be ready for occupation early in the New Year.
“We are keen to expand our property portfolio and were particularly interested in investing in Cross Green. This area just to the east of Leeds city centre is flourishing with leading businesses including Amazon, DHL, CEF, Euro Car Parts, Premier Farnell, Fedex, John Lewis, Symingtons and BCA but there is a marked shortage of medium-sized industrial properties which we hope to help address.”
Josh Holmes added: “We have received a number of very promising enquiries from potential occupants and are confident that, given the high-quality refurbishment being undertaken and roadside prominence of the site, we will secure an occupier before it’s completed in January.”