commercial property lambert smith hampton

News - 10/05/2017

LSH disposal paves way for rare industrial opportunity in Thirsk

Lambert Smith Hampton (LSH) has sold a 136,000 sq ft industrial facility in Thirsk, North Yorkshire to In-site Property Solutions.

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The former Austin Reed HQ, which sits on 9.5 acres of land, comprises 120,000 sq ft of industrial accommodation, together with 16,000 sq ft of office space.

In-Site, a family run property company, plans to retain a 50,000 sq ft modern warehouse unit on the site, which is available for immediate occupation, while freeing up the remaining land and property for redevelopment into a variety of uses, subject to planning.

LSH has been retained to market the vacant space alongside Holder and Co.

Commenting, Simon Rhodes, Director of Industrial and Logistics Agency in LSH’s Leeds office, said: “The fact that In-Site has retained an element of the site for employment use is extremely good news for the local economy.

“With the supply of industrial units in the <50,000 sq ft size bracket falling by 21% across Yorkshire in the last year alone, opportunities to acquire industrial premises of this size and quality and in this location are increasingly rare. As such, we anticipate strong interest.