News
News from Carter Towler.
Rating Revaluation-Latest Update
Added: 11th March 2010
The new rating revaluation comes into effect on 1st April. 2005 assessments can still be appealed against until 31st March.
Download our Rating Guide for further information and how Carter Towler might be able to help.
First letting at Armley Court boosts Leeds out of town office market
Added: 11th March 2010
The developers of Armley Court are pleased to announce the first letting at their high quality B1 Business Park office development at Armley Court, Armley Road, Leeds.
Unit 4 Armley Court comprises approximately 3,000 sq. ft. and has recently been let to The Asian Express, the largest and longest established regional ethnic newspaper in the UK.
The Asian Express newspaper is a fortnightly tabloid, printed in English and circulated free in various locations around Leeds and is relocating from north Leeds to the prestigious new Armley Court development.
A spokesman for the developers, Arlington Mills Ltd. commented "we are delighted to welcome The Asian Express newspaper to Armley Court where they will benefit from the high quality of the building and excellent on site car parking. We anticipate further occupiers will be joining them shortly".
At Armley Court it is well known that the largest (6,000 sq. Ft.) building is under offer to a national charity and the marketing agents, Carter Towler, Sanderson Weatherall and WSB, report good interest in the other buildings.
Excellent fit for Greenwoods Menswear at Jack Lunn Properties’ Bradford Business Park
Added: 11th March 2010
Leading West Yorkshire-based property company, Jack Lunn (Properties) Ltd, has attracted another prestigious name to its Bradford Business Park on Canal Road in Bradford.
Greenwoods Menswear, a leading retailer with 82 stores throughout the UK, is relocating its head office to the park having signed a five-year lease to occupy 3,166 sq ft of Grade A space. The company joins tenants including Driver Hire and Raven Computers at the City Centre location.
Commenting on the move, Neil Roberts, Managing Director of Greenwoods Menswear said: "Our company is about to celebrate 150 years of trading and our new Head Office is returning to Bradford, where the first Greenwoods shop was established in 1860 on Westgate. The central location of the offices reflects the future requirements of our business and Jack Lunn Properties were able to offer a high quality solution at Canal Road."
Carl Wright, Director of Jack Lunn (Properties) Ltd added: "This latest lease agreement demonstrates that high profile names are continuing to invest in the region despite the current economic climate. We have a proven track record in tailoring office accommodation to meet the specific demands of our tenants and are delighted to welcome Greenwoods Menswear to Bradford Business Park".
There are now only two remaining suites available at Bradford Business Park offering 3,065 sq ft to 6,240 sq ft on the Ground and First floors. Further details are available by contacting the joint letting agents Carter Towler in Leeds and Eddisons in Bradford.
Garforth Proving to be a Popular Destination
Added: 11th March 2010
The recent letting of 6,540 sq ft at Willow Court, Garforth to Craftwork Cards is Bridge Estates third leasehold transaction in the area since the start of 2010. Subsequently they only have 2 remaining premises across their four commercial estates in Garforth.
Commenting on their success in Garforth, Paul Crabtree, of Bridge Estates said "We have achieved a high level of occupancy by adapting to current market conditions and working with occupiers to help satisfy their requirements, rather than offering rigid, inflexible lease options. It also represents the strength of Garforth as a business destination, with immediate access to the M1/A1 (M) corridor and in turn the national motorway networks, and the proximity of Leeds Outer Ring Road giving easy access to the suburbs of Leeds".
The two remaining premises are both located on Lotherton Business Park. A 10,530 sq ft high bay warehouse/distribution unit and a self contained office suite of 543 sq ft. For further information, including quoting rents please contact the sole agents Carter Towler, or visit www.bridgeestates.co.uk
Cookridge Hospital Deal
Added: 18th January 2010
Carter Towler have acquired a former Yorkshire hospital on behalf of clients Chartford Homes and J. Pullan and Sons. Cookridge Hospital which until 2008 specialised in the treatment of cancer patients has been purchased by the joint venture partnership in a £4.5m deal for housing development.
The 19.5 acre site which is located on the outskirts of Leeds has been bought by house builder Chartford Homes in partnership with property group J Pullan & Sons. The partnership stepped in to buy the former hospital from Leeds Teaching Hospitals NHS Trust after negotiations to sell the site to a national housebuilder stalled.
The site, which consists of grade two-listed hospital buildings, a 16,000 sq ft office building, other structures and land, has planning approval for around 248 properties comprising a mix of new build houses and apartments, some of which will be created within existing buildings.
Leeds-based Chartford, a wholly owned subsidiary of property developer Bracken, is set to begin work on the site immediately by carrying out demolition and enabling works. The first 24 homes are set to be completed later this year, with prices starting at around £175,000.
Chris Thompson, Chartford's managing director, said the deal showed the confidence the company had in the housing market and are delighted to be working in partnership with J Pullan & Son again who in addition to their financial strength bring years of development experience with them, particularly in the refurbishment of listed buildings.
A promising start to 2010
Added: 7th January 2010
Carter Towler are pleased to disclose the details of several recent deals and contracts completed towards the close of 2009 and the start of 2010.
Investment Sale
Carter Towler have recently sold an investment property on behalf of Muse. The Bungalow at Gilcar Way in Normanton was sold to a private investor and achieved a price of £300,000.
The building was originally a marketing suite for Amec Developments when they first required all the Europort land around Wakefield for re-development.
Carter Towler had let the 2,500 sq ft building in June 2009 to the Mid-Yorkshire NHS Trust on a 6 year lease for £30,000 p.a. and it was sold as an investment.
Management Contract
Carter Towler have recently won the management contract for six office buildings at Temple Point for Bluehall Properties Limited.
These buildings form part of the Temple Point development by Amco/Tolent-Bluehall Properties who are based in the North East and have a large property portfolio mainly in the North of England.
Sale of Doctors Surgery in Harrogate
Carter Towler have secured a sale of the former Doctors surgery on East Parade in Harrogate. The surgery was one of 5 or 6 practices that have been merged together into one super practice.
There was a very good level of interest in the property due to its proximity to the station and Harrogate town centre. The property was sold in excess of the asking price which highlights the scarcity of Freehold property available in and around the immediate outskirts of Harrogate and the good level of demand for such properties.
Future Forwarding Deal
Carter Towler have secured a deal at Bruntcliffe Avenue, Morley. The 34,500 sq ft Industrial Unit was sold by Future Forwarding to Viamaster Transport Ltd in the region of £2M in October 2009.
Bruntcliffe Avenue, Morley is a modern light industrial unit with an ideal location for such a company with close proximity to the M1, M62 and M621.
Howley Park Business Village Deal
The owners of Howley Park Business Village at Morley have recently announced another letting of one of their "Business Village" office buildings.
Proving that there is still life in the Business Park office market around Leeds, J Pullan & Sons Ltd. have recently let Unit 21 Howley Park Business Village to UK Car Exchange Ltd., a new internet-based car sales operation.
UK Car Exchange Ltd. have agreed a new three year lease of this high quality self-contained two storey office building.
Bruce Strachan, Property Director of J Pullan & Sons Ltd., commented "we are delighted with the latest letting at Howley Park Business Village. We are now over 80% let and have serious interest in the remaining units".
The agents acting for the developer are Carter Towler LLP and Lambert Smith Hampton, both of Leeds.
Gildersome Spur Deal
The lease has completed on 42,600 sq ft of industrial space at Unit J, Gildersome Spur. The unit was let to CAT Logistics.
Carter Towler were joint agents along with DTZ working on behalf of the owners, Standard Life.
Leeds Triathlon
Added: 6th January 2010
On 27th September 2009, Richard Fraser of Carter Towler took part in the Leeds Triathlon at Roundhay Park. The event was organised by Xtra Mile Events and over 300 competitors took part from the North of England.
The event started at 8am and incorporated a 1,500 metre swim in Roundhay Park Lake followed by a 40.2 kilometre (24.9 miles) cycle ride around North Leeds outside Roundhay Park and a 9.2 kilometre (5.7 miles) run within Roundhay Park.
Richard completed the course in 3 hours and 8 minutes and came 216th overall and 26th in his age category (45-49). The winner, a professional triathlete completed the course in 2 hours and 9 minutes (age category 35-39). Richard said the lake was 14ºC and although it was not the most enjoyable experience of his life, he is keen to take part again next year to try beat his target time of 3 hours.
There were several other Leeds surveyors who took part, namely Tom Brammeld from Jones Lang LaSalle, Adam Varley from Lambert Smith Hampton, Glen Levison from Sanderson Weatherall and Tony Morton from Landmark Developments.
Merry Christmas
Added: 23rd December 2009
Our offices will be closed from 1pm on Thursday 24th December and will reopen at 9am on Monday 4th January. If you have any emergencies during that time please leave a message on 0113 245 1447 and they will be dealt with between Christmas and New Year.
With our best wishes for Christmas and the New Year.
Carter Towlers' Charity Challenges
Added: 3rd December 2009
On 1st August 2009, 11 members of the Carter Towler team took on the Yorkshire Three Peaks to raise funds for St Gemma's Hospice, Leeds.
Despite torrential rain the team set off on their challenge at 7.15am and managed to complete the course in 11 hours, an hour under the 12 hour challenge.
£1,500 was raised in aid of St Gemma's and we are already looking forward to next years charity challenge. A sponsored sky dive is on the cards.
In addition, on Sunday 22nd November 5 members of the Carter Towler Team took part in the Leeds Abbey Dash, a 10km road run in aid of Help the Aged.