Northern Tissue puts 42 acres on market

Northern Tissue Group has instructed Drivers Jonas Deloitte to dispose of its industrial base in Heysham, Lancashire with a sale and leaseback being considered.

The site on offer contains 280,000 sq ft of industruial property of which Northern Tissue occupies 190,000 sq ft. The estate has a current rental income of £190,000 a year with only a 1% vacancy rate.

The land is near the nuclear power stations Heysham 1 and 2 and the proposed location for Heysham 3.

Drivers Jonas Deloitte said waste and energy companies are likely to be interested in bidding for the site.

Steve Capper, industrial agent at Drivers Jonas Deloitte in Manchester, said: "Heysham is a hugely important location within the UK's energy sector both in terms of a growing nuclear presence and for its potential to foster new types of power generation through renewables like bio-fuel.

"The industrial estate is ideally placed to serve the local energy sector as well as being within close reach of Heysham's port and the M6 motorway, so it boasts a strategic position to attract new occupiers from growing industries."

The vendor was a client of Deloitte prior to the acquisition of Drivers Jonas at the start of this year.

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