Beckwith Knowle, Harrogate

North Yorkshire

The Teakwood partners secured a five year option on a 12 acre site in Harrogate using an associated company Beckwith Knowle Developments Ltd.

A detailed planning consent was granted for a 27,000ft2 mental health facility in 2016 and three acres of the site was sold to the Tees, Esk and Wear NHS Trust.

An outline consent was also granted for the development of 130,0000 ft2 of commercial space which also required a significant upgrade to Beckwith Head Road.

In 2018 BKDL secured an outline consent for the development of a Care and Extra Care facility on a further 3 acres and negotiations over the final design are proceeding.

Burley Bank Rd, Harrogate

North Yorkshire

11 acres of land off Burley Bank Road in Harrogate has been optioned from the local land owner.

The site was granted outline consent for commercial uses on the 25th September 2018.

The consent included the detail on access arrangements.

With current enquiries for the site totalling 120,000ft2 it is likely that the site will be developed in a single phase.

George Cayley Drive, York

North Yorkshire

A 30,050 ft2 industrial unit on a secure site of 2.46 acres was purchased from Close Brothers for £1,100,000.

Adams Hydraulics were in occupation of the offices but the parent company was restructuring.

We obtained vacant possession and sold the whole building to Abracs, an importer of abrasive discs for £1,465,000.

Sanderson Street, Newcastle

Tyne & Wear

We purchased a 37,000 ft2 industrial unit from a receiver for £925,0000.

A schedule of remedial works was carried out including the removal of a substantial mezzanine, repairing impact damage and overhauling the roof.

The property was sold to JJ Food Service Holdings Ltd for £1,350,000.

Speedwell Road, Castleford

West Yorkshire

A 37,500 ft2 distribution unit purchased from the Receivers of HI Group for £1,300,000.

Teakwood undertook remedial repairs at a cost of £60,000.

Pre-let on a 5 year lease from 24th June 2014 at £169,000pa to CMS Distribution Ltd.

Sold to to St Brides Asset Managers for £1,955,000.