A 66,000sq ft speculative warehouse in Featherstone, West Yorkshire, known as Phoenix 66 has been sold to an undisclosed third-party to be the maintenance hub for its fleet of HGVs.
Commercial property company Onward Holdings developed the high bay logistics facility, which is situated on the Green Lane Industrial Estate in Featherstone off Junction 31 of the M62.
Onward Holdings said that in acquiring the warehouse the new owner to relocate and upgrade its operations from its existing long-standing operational site located near the centre of Wakefield.
Neil Storey, Director of Onward Holdings, said: “We are thrilled to have helped the occupier find the right property for its operational needs. Phoenix 66 is a quality unit in a prime location that offers excellent facilities and transport links. We are looking to acquire other sites that will help address the current shortage of quality logistics facilities in the region.”
This detached unit extends to around 66,923sq ft, including first floor offices and allows the occupier the flexibility to extend into a further 3,207sq ft of additional second floor accommodation in due course. Other vital statistics include: generous concrete service yard, 13.1m eaves height, floor loading of 50 kNm2, six loading doors (including 4 docks), PV roof panels and electric car charging.
Iain McPhail, Partner at Knight Frank and Andrew Miller of Andrew Miller Chartered Surveyors advised Onward Holdings.
McPhail said: “We are proud to have been involved as part of the team on this exciting project from start to finish. It just shows the importance of getting the specification right on a new build unit and Phoenix 66 delivered a truly institutional opportunity to the market. We are also encouraged that the Yorkshire industrial and logistics market continues to perform, even during these unprecedented times.”