PPH Commercial & Avison Young complete sale of the Former Bonds Heavy Castings in Scunthorpe

PPH Commercial & Avison Young complete sale of the Former Bonds Heavy Castings in Scunthorpe

Bonds previously employed 77 people at the Dawes Lane site, which was well known for manufacturing high-integrity steel and high-chrome iron castings.

The sale represents the largest single transaction completed in North Linconshire this year.

Duncan Willey, Divisional Director, PPH Commercial confirms that there was significant interest expressed in the property from a number of parties nationally resulting in the agents having to conclude the transaction by way of ‘Best & Final Offers. IA price in excess of the £1.25m guide price was realised..

Mr Willey said: “I am delighted that we have completed the disposal which represents the largest industrial sale achieved locally this year. It goes to show that despite the concerns earlier in the year regarding British Steel and more recently COVID 19 that there is good demand for large freehold industrial premises.

“The site area is 20.62 acres with built accommodation of over 186,000 sqft approx. so there is scope for further development and for  outside storage capacity.

The property benefits from large-scale electricity and gas supplies, together with a range of cranes and a 50-tonne weighbridge, which make it a very attractive proposition and hence the good response received to the marketing efforts.“

The Dawes Lane site, which dates back more than 100 years, was originally built as a munition factory.

PPH Commercial were  instructed with Avison Young to market the property on behalf of  the Administrators of Bonds, Deloitte LLP

For more details about the transaction, email duncan.willey@pph-commercial.co.uk or call 01724 282278 or alex.sweetman@avisonyoung.com on 0113 280 8003.

More...
Trio of lettings completed on Hessle retail units  

Trio of lettings completed on Hessle retail units

12th March, 2024
Learn More  
50,252 sq ft Manufacturing Facility Let to Saxon Quality Foods Ltd  

50,252 sq ft Manufacturing Facility Let to Saxon Quality Foods Ltd

7th February, 2024
Learn More  
Unit 3 Eastgate Park - Let to Screwfix  

Unit 3 Eastgate Park - Let to Screwfix

5th February, 2024
Learn More  
Scunthorpe office relocation  
New Senior Agency Surveyor Role Available  

New Senior Agency Surveyor Role Available

25th January, 2024
Learn More  
£3.7m investment could create 200 jobs boost at new-look Bridlington Business Park  

£3.7m investment could create 200 jobs boost at new-look Bridlington Business Park

15th January, 2024
Learn More  
The steelwork is up  
Ten Years @TheDock  
Welcome to the team Reece & Georgia  

Welcome to the team Reece & Georgia

16th November, 2023
Learn More  
Foundry Bar, Cleethorpes - Now Sold  

Foundry Bar, Cleethorpes - Now Sold

17th October, 2023
Learn More  

Want to find out more? Call us on Hull 01482 648888 Doncaster 01302 341041 Scunthorpe 01724 282278 Grimsby 01472 267513

We use cookies to help personalise and improve your web experience. To learn more click here.