Investor secures new tenants for pair of commercial properties

By Tim Aldred

07 Sep 2023

Charnley Fold

A pair of commercial properties near Preston that were purchased last year by investor Patrick Murphy have secured new tenants.

Units 1-4 Charnley Fold Lane in Bamber Bridge was acquired in 2021 by PJM Property Investments, and Gaskell House on Rough Hey Road, Preston, was acquired by MM Acquisitions. Both companies are controlled by Patrick Murphy.

Since then both companies have focused on various works at the premises and in negotiating and finalising terms to re-gear and reorganise the existing leases at Charnley Fold Lane, while Gaskell House has been let to waste management and recycling firm Recycling Lives. The leases range from 10 to 20 years and add around £550,000 per annum in rental income for the two companies.

The units at Charnley Fold, off School Lane, Bamber Bridge, feature a mix of commercial units and have been leased to occupiers predominantly in the logistics and distribution sector.

Ian Robinson Transport, an established road haulage company providing haulage services throughout the UK and Europe has secured a unit at the premises.

Meanwhile, WH Bowker has expanded its operations at the Bamber Bridge site, where it operates racked warehousing and a large transport fleet that provides UK-wide next-day distribution.

In addition, Hanson Quarry Products Europe occupies land at Charnley Fold operating its ready-mixed concrete business.

Recycling Lives has expanded its presence in Preston having secured a lease at Gaskell House to create a new hub for its growing business. The new location, a short distance from its existing premises at Longridge Road and Redcar, provides newly refurbished office facilities approaching 7,000 sq ft and circa 50,000 sq ft of warehouse space for its transport department.

The Preston commercial property team at Harrison Drury solicitors advised the companies on all legal aspects relating to the purchase of the properties and completion of the lease agreements with the new tenants. The team also advised on pre-contract negotiations and drawing up heads of terms for prospective tenants.

Commercial property consultants Eckersley acted on behalf of both companies as the agent managing the various transactions. 

Simon England, partner at Harrison Drury said: "The new leases not only help our client secure long-term investment growth, they give certainty and continuity for the businesses operating there, enabling them to grow and have a positive impact on the local economy." 

A third industrial premises acquired in 2021 by PJM Property Investments Ltd, the 32,000 sq ft Cuerden Green Mill, at Sherdley Road Industrial Estate, is currently being refurbished prior to be marketed to let.

Enjoyed this? Read more from Tim Aldred

Latest news

1

Napthens advises Calico Homes on land acquisition for £23m Dovestone Gardens extra care facility in Burnley Paul Hardy

Napthens advises Calico Homes on land acquisition for £23m Dovestone Gardens extra care facility in Burnley

21 May 2025

2

Construction begins on new Civil Service office building in Talbot Gateway Alan McBride Muse Will Town Defence Infrastructure Organisation Jennifer Chard Defence Business Services Cllr Lynn Williams Blackpool Council Garry Bowker Vinci

Construction begins on new Civil Service office building in Talbot Gateway

20 May 2025

3

Skiddle raises over £750,000 for charities Skiddle cheque presentation to Alder Hey Hospital

Skiddle raises over £750,000 for charities

20 May 2025

4

Former Victorian Hotel approved for residential conversion The site

Former Victorian Hotel approved for residential conversion

19 May 2025

5

REVOLUTION PARK: Work starts on Darwen’s new home of advanced manufacturing Oliver Webber, Tracy Clavell-Bate and Tim Webber from Barnfield Group with Cllr Phil Riley, second from right, Leader of Blackburn with Darwen Council

REVOLUTION PARK: Work starts on Darwen’s new home of advanced manufacturing

19 May 2025

Background image for hub sign up block

LBV Hub

Leverage Lancashire Business View platforms

Post your news
Post your events
Post your offers
Build your network
Improve your SEO
Gain coverage in the magazine
Sign-up
Events
LBV122 May/June Launch Event
121 Lancashire Business View Magazine Launch
Networking
21 May 2025

LBV122 May/June Launch Event

Lancaster and Morecambe College, Lancaster, LA1 2TY

08:30 - 10:30

Sub36 Networking
Networking
11 Jun 2025

Sub36 Networking

British Jewellery School, Scorton, PR3 1BA

15:00 - 17:00

Lancashire Net Zero Carbon Conference
Net Zero Carbon Social 1200pxtrident 2
Networking
18 Jun 2025

Lancashire Net Zero Carbon Conference

Crow Wood Hotel & Spa Resort, Burnley, BB12 0RT

08:30 - 13:00

Lancashire Built Environment Conference 2025
BEC 315 X 315 Px
Networking
25 Sep 2025

Lancashire Built Environment Conference 2025

Blackpool Football Club, Blackpool, FY1 6HX

08:30 - 13:00

CMI Level 5 Management and Leadership Course
UCLanAerialCampus.jpg.jpg
LBV Hub Seminars
21 Feb 2025 - 21 Feb 2026

CMI Level 5 Management and Leadership Course

Preston Campus, Preston , PR1 2HE

09:00 - 17:00

CMI Level 5 Project Management Course
UCLanAerialCampus.jpg.jpg
LBV Hub Seminars
21 Feb 2025 - 21 Feb 2026

CMI Level 5 Project Management Course

Preston Campus, Preston, PR1 2HE

08:00 - 17:00

RISE - The Academy for Female Leaders and Managers
WENDY BOWERS RISE Illustrstion copy.jpg.jpg
LBV Hub Seminars
02 Apr 2025 - 08 Oct 2025

RISE - The Academy for Female Leaders and Managers

East Lancashire Chamber of Commerce, Clayton le Moors, BB5 5JR

09:00 - 15:30

The Business Network Central & East Lancashire
LBV Hub Networking
22 May 2025 - 22 May 2025

The Business Network Central & East Lancashire

Mytton Fold, Langho, BB6 8AB

11:30 - 14:15

Preston Freelancer Meet-Up: May
Freelancer Meet-Up May.png.png
LBV Hub Networking
22 May 2025 - 22 May 2025

Preston Freelancer Meet-Up: May

society1, Coworking Space, Preston, PR1 3LT

10:00 - 11:30

Amber River True Bearing quarterly investment seminar
LBV Hub Seminars
22 May 2025 - 22 May 2025

Amber River True Bearing quarterly investment seminar

Cottons Hotel & Spa , Knutsford, WA16 0SU

16:00 - 18:00

Liverpool Business Expo 2025
https---cdn.evbuc.com-images-881365363-4862066883-1-original.20241023-085714.jpeg.jpg
LBV Hub Awards
23 May 2025 - 23 May 2025

Liverpool Business Expo 2025

Aintree Racecourse , Liverpool , L9 5AS

09:00 - 15:00

Advantage: AI – A Workshop for Business Leaders – May 29
Artboard 15.png.png
LBV Hub Seminars
29 May 2025 - 29 May 2025

Advantage: AI – A Workshop for Business Leaders – May 29

Door4 Office, Burnley Wharf, Manchester Road, Burnley, BB11 1JG

09:00 - 11:00

Advertise with us

Reaching 50,000 members, our print, digital and event platforms offer a fantastic way to raise your business profile and help you grow.

Find out more LBV122 Online Graphic
Subscribe now

Weekly news bulletin