Member Article

Opus North disposes of Runcorn development in £1.7m deal

Ilkley-based property development firm, Opus North, has sold the final phase of its flagship development in Runcorn to DaleKim Investments for £1.68 million.

The last phase of the development comprises a Burger King restaurant and a Halfords store and the sale represented a yield of six per cent.

Phase One of the development in West Lane saw Ilkley-based Opus North pre-sell a 15,000 sq ft Ford Motor dealership for £2.72 million to a North East private investment company

A site was then sold to Lidl supermarket, which formed Phase Two of the development, for £1.45m. Lidl built their own store on site which is now open.

West Lane is opposite Halton Lea shopping centre in the heart of Runcorn.

Andrew Duncan, managing director of Opus North, commented: “These were excellent deals in initially challenging times for the property market in the north of England.

“The new Ford dealership kick-started this development in central Runcorn, complementing the popular Halton Lea shopping centre. The dealership takes up a third of this area and the development of the rest of the site has proved to be the final piece of the retail jigsaw for this part of the town. It has also created a number of much-needed jobs”.

Agents for DaleKim were the RY Partnership. Pudney Shuttleworth acted for Opus.

This was posted in Bdaily's Members' News section by Ellen Forster .