Banks Long & Co has acquired another major industrial asset in the north of England, following close on the heels of the acquisition of Priory Tec Park in Hessle (Hull).

Longstanding client of Banks Long, M F Strawson Limited, has acquired The Wholesale Markets Industrial Estate which is situated on the well-established Parkway Estate located 3.5 miles east of Sheffield city centre with direct access onto Sheffield Parkway and to J33 of the M1.

Banks Long & Co Managing Director, Tim Bradford, said:  “This is another strategic purchase for one of our retained clients, providing a secure lease to Sheffield City Council expiring in 2021 over a total of 40,386 sq.ft. of good quality industrial units, with short term opportunities for adding value through proactive management”.

The property was marketed by London based investment agent, ADS.  The investment was offered to the market at an asking price of £3,734,000.