Deals Done

SPOT ON!!

Michael Steel & Co, on behalf of Dewsbury based clients, Bluespot Furniture Ltd, have acquired modern premises to continue their expansion.

Bluespot, who have been based on Ravensthorpe Industrial Estate for more than 10 years, boast the latest technology in panel processing enabling them to offer the most complex office furniture designs manufactured to the highest quality.  They presently occupy two adjacent industrial buildings and are to relocate before the end of the year.

They have acquired the former Sabre Structures buildling on Bretton Park which is one of the few industrial development sites over the last decade or so in the north Kirklees area.  Other occupiers on the estate include A&J Fabtech and the former Victorian Bathrooms arehouse of over 200,000 sq ft.

Bluespot's new premises extend to 30,000 sq ft of high quality industrial/warehouse space ibcluding office provisions.  The vendor's agents, Sanderson Weatheralls, were initially seeking offers in the region of £1.5m.

Alec Michael, partner at Michael Steel & Co, commented 'We have been delighted to assist Bluespot Furniture Ltd with the acquisition of the these premises following a 'chance' phone call with one of their directors earlier in the year.  The premises and indeed this estate offers some of the best quality industrial/warehouse buildings in the Kirklees area, which continues to suffer a lack of available development land/new build opportunities for occupiers'.

'Given the circumstances of Sabre vacating the premises, the price negotiated for our clients was competitive in the market place and this could well have been opportune as there are now signs of increased activity in the wider market place and some greater confidence amongst both occupiers and property concerns'.

Bluespot are to relocate later in the year and their existing modern premises of 16,500 sq ft on Ravensthorpe Industrial Estate will be offered for sale.

Michael Steel & Co continue to be actively involved in industrial and commercial property, including residential land and development opportunities, across the Kirklees area and throughout West Yorkshire.

For further information please contact Fran Hawley at Michael Steel & Co on 0113 2348999 ot info@michaelsteel.co.uk

Back to News