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

Beever and Struthers advise on £1.5bn funding for 2,000 new social homes a year John Jones

Beever and Struthers advise on £1.5bn funding for 2,000 new social homes a year

03 Jul 2025

2

Airframe Designs aligns with US programme for additive manufacturing growth Additive manufacturing technology unit At Airframe Designs

Airframe Designs aligns with US programme for additive manufacturing growth

03 Jul 2025

3

Panache Cruises on course for further growth with support from Rosebud James Cole

Panache Cruises on course for further growth with support from Rosebud

03 Jul 2025

4

Lancashire emerges as key player in UK's Defence and Tech Sector Mo Isap Chair Of The Lancashire Business Board Nick Miles National Cyber Force Deputy Director For Samlesbury Annette Weekes Representative Of The NWRDSC

Lancashire emerges as key player in UK's Defence and Tech Sector

03 Jul 2025

5

Report shows impact of BAE Systems in Lancashire BAE Systems Radar

Report shows impact of BAE Systems in Lancashire

02 Jul 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
LBV123 July/August Launch Event
Lancashire Business View magazine launch
Networking
16 Jul 2025

LBV123 July/August Launch Event

Burnley

08:30 - 10:30

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

The Marketing Metrics that Matter – July 4
LBV Hub Seminars
04 Jul 2025 - 04 Jul 2025

The Marketing Metrics that Matter – July 4

Door4 Office, Burnley Wharf, Burnley, BB11 1JG

08:30 - 11:00

Tri-Site Survey Equipment Showcase
unnamed (2).jpg.jpg
LBV Hub Seminars
09 Jul 2025 - 09 Jul 2025

Tri-Site Survey Equipment Showcase

Crow Wood Hotel, Burnley, BB12 0RT

09:30 - 16:00

Blackburn Cathedral hosts Champagne and Diamonds Event with Ainsworth Jewellers
Champagne-Jewellery 10 07 25_page-0001.jpg.jpg
LBV Hub Awards
10 Jul 2025 - 10 Jul 2025

Blackburn Cathedral hosts Champagne and Diamonds Event with Ainsworth Jewellers

Blackburn Cathedral, Blackburn, BB1 5AA

18:00 - 20:30

Choose Chorley for Business - Talent Reimagined Business Breakfast
talentreimaginedbb.png.png
LBV Hub Seminars
10 Jul 2025 - 10 Jul 2025

Choose Chorley for Business - Talent Reimagined Business Breakfast

Strawberry Fields Digital Hub, Chorley, PR71PS

08:00 - 10:30

Shaping Preston's future by remembering its past
1750160034867.png.png
LBV Hub Networking
16 Jul 2025 - 16 Jul 2025

Shaping Preston's future by remembering its past

Society1, Coworking Space, Preston, PR1 3LT

18:00 - 20:30

Chamber Summer BBQ
LBV Hub Social
17 Jul 2025 - 17 Jul 2025

Chamber Summer BBQ

The Borough, Dalton Square, Lancaster, LA1 1PP

17:30 - 20:00

Preston Tech Connection: Web3 is Dead. Or is It?
July Longer Banner.jpg.jpg
LBV Hub Networking
29 Jul 2025 - 29 Jul 2025

Preston Tech Connection: Web3 is Dead. Or is It?

Society1, Coworking Space, Preston, PR1 3LT

18:00 - 19:30

Preston Freelancer Meet-Up: July
Longer July Banner.jpg.jpg
LBV Hub Networking
31 Jul 2025 - 31 Jul 2025

Preston Freelancer Meet-Up: July

Society1, Coworking Space, Preston, PR1 3LT

10:00 - 11:30

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