yorkshire region |
IN MY VIEW T
he last 12 months have seen strong levels of activity throughout the
commercial property market in Huddersfield, despite the economic uncertainty which has resulted from the results of both the EU referendum and the subsequent general election. Our area has shown resilience to these
uncertain times and activity has been particularly strong within the industrial sector, with units of all sizes experiencing strong rental and capital demand. This renewed
Jonathan Wilson
demand, and greater confidence in the market place generally, coupled with low levels of available stock has translated into increasing transaction levels and higher rents.
Costar data shows that Bramleys were
involved in letting 60% of all the industrial floor area to change hands in Huddersfield over the last 12 months, and we have been able to achieve improved returns for our landlord clients.
by Jonathan Wilson, Bramleys Recent notable deals have shown in an
increase in rents within the Leeds Road corridor (Huddersfield’s primary industrial location), with recent deals being negotiated at £7.50per ft² and £8.00 per ft² and £10ft² has been achieved for units of 1,500 and 2,000 ft² on the edge of the town centre. It’s not just small units attracting
tenants either. Bramleys have also let a number of larger units including 18,000 ft² of modern manufacturing space let to a cardboard box manufacturer, 15,000 ft² of older stock to an office furniture supplier and 11,000 ft² to a cake producer who supply an international chain of café’s. While we expect that some of the stock
shortages will start to be addressed in the coming months with sites currently in the planning system at Leeds Road and Ainley Top/Lindley Moor, there does continue to be a shortage of larger modern units 40,000 ft² and above, in the Town and this is something that needs to be addressed so that the market has the depth of supply needed to suit all manner of occupiers. Other market highlights include the
popularity of small tenanted investments. Property investment continues to deliver consistently high returns, a real bonus in
bramleys
UNITS 13 & 14 SHAWS INDUSTRIAL ESTATE, OFF WAKEFIELD RD, HUDDERSFIELD, HD5 9AF
TO LET
WAREHOUSE PREMISES, TURNBRIDGE MILLS, OFF LEEDS RD, HUDDERSFIELD, HD1 1SG
SINGLE STOREY INDUSTRIAL/ WAREHOUSE UNIT WITH ATTACHED OFFICES
702 sqm (7,500 sqft) INCENTIVES AVAILABLE 3 Phase electricity
In an accessible position convenient for Wakefield Road and Leeds Road
EPC Asset Rating C
INDUSTRIAL / WAREHOUSE PREMISES
1703.79m² [18,340 ft²]
Good quality with modern specification offices
Situated within 1 mile of Huddersfield town centre
EPC Asset Rating TBC
the current low interest rate economy. Although hardening in light of competitive bidding, returns in the region of 7%-8% are still achievable which, coupled with some of the tax advantages of commercial property investing, make for a tempting offering. Although a little sluggish in comparison
to the industrial and investment sectors, demand in the office rental sector has also improved. Smaller suites have performed well recently, particularly in out of town positions with parking, such as Bradley Business Park, and while there have been no offices letting of regional significance recently, demand is up and voids are down. All in all, the past 12 months have been
positive throughout all commercial sectors in Huddersfield, with the market showing resilience against the uncertain political backdrop. The market would undoubtedly benefit from the development of more industrial and business stock, and increasing the supply of available units is critical in helping the town to elevate to the Premier League status of its football club! Bramleys continue to be active in all
commercial sectors and with a 7 strong team, are well placed to provide knowledgeable advice to clients.
Industrial & Commercial Property Consultants
TO LET
26-28 MARKET STREET, HUDDERSFIELD, HD1 2HG
TO LET
72 NEW NORTH ROAD, HUDDERSFIELD HD1 5NW
TO LET
TOWN CENTRE RETAIL PREMISES
188.28m2 (2,027ft2), plus Basement 161.47m2 (1,738ft2)
Former Halifax Building Society Premises
Central Location adjacent to Sainsburys Supermarket, and near to Bon Marche, Clintons and Costa Coffee
Large Display Frontage and Return Frontage
14 St. George’s Square, Huddersfi eld HD1 1JF
01484 530361
commercial@bramleys1.co.uk bramleys.com/commercial
COMMERCIAL PROPERTY MONTHLY 2017 BRAMLEYS COMMERCIAL
AD_188x132_120717.indd 1
PRESTIGIOUS HEADQUARTER OFFICE BUILDING
350.15 sqm (3,769 sqft) Suitable for a variety of business uses Large car parking area
Situated on the outskirts of Huddersfield town centre within walking distance of the bus and train stations and within 2 miles of Junction 24 of the M62 motorway network
Offi ces also at Mirfi eld, Heckmondwike, Elland and Halifax
12/07/2017 15:25
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