Wakefield's Belle Vue stadium sold to new owner

Published on: 19th September 2016

Belle Vue Stadium, the 120-year old home of the Wakefield Trinity Wildcats, has been sold to 88m Group for an undisclosed sum.

The sale of the stadium was managed on behalf of Peter O’Hara of O’Hara & Co, acting as Fixed Charge Receiver by our Leeds office.

The stadium was sold after several months of strong interest, having been marketed initially at a guide price of £600,000. It will continue to serve as the Wildcats’ home, and was purchased subject to a lease to the club.

The Chairman of the 88m Group commented: “We’re delighted to have purchased the historic Belle Vue Stadium and we are looking forward to working with the local council, supporters trust and the club to ensure its future in Wakefield.

“The Wildcats, in one guise or another, have been an integral part of the city’s identity for decades and I look forward to its continued role in the area.”

Belle Vue comprises a 5.8 acre site located on Doncaster Road, one mile south of Wakefield city centre, and has been home to the Wakefield Wildcats since the late 1800’s.

Neil Bestwick, a partner in our Asset Advisory team said: “It’s great to see Belle View under the stewardship of an organisation that wants to see it thrive.

“There has been continued speculation about where the Wildcats will be based going forward and the purchase by 88m Group not just of the stadium itself but the adjoining former Superbowl site has revealed exciting new multi million pound plans for a new state of the art community stadium with student accommodation & retail park.”

The Leeds office of Addleshaw Goddard acted as legal advisors for the receiver whilst Addlestone Keane acted on behalf of 88m Group.

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October property deals update

Despite the negativity surrounding the UK’s decision to leave the EU, we are continuing to see strong levels of demand across a number of commercial property sectors.

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Despite the negativity surrounding the UK’s decision to leave the EU, we are continuing to see strong levels of demand across a number of commercial property sectors.

[fulltext] =>

We were particularly active in Yorkshire last quarter with a 25,000 sq ft industrial site sold in Bradford to steel fabrication specialist, Bradfabs. In addition, we have welcomed British jewellery brand, Azendi back to York City Centre on a five-year lease in a 774 sq ft. retail space.

Acting on behalf of the Diocese of Leeds, we sold a vacant development site to Leeds Mencap, an independent local charity that supports children and adults with learning disabilities. We have also helped find a new owner for Belle Vue Stadium, the 120-year-old home of Wakefield Trinity Wildcats, following several months of strong interest.

On the other side of the Pennines, we were involved in a number of deals; our agency team in Manchester successfully completed the letting of a recently vacated 29,871sq ft. property at Wigan’s Haslemere Industrial Estate.

In the North East we have a number of new instructions including office accommodation in Kingfisher House, Stockton on Tees and a number of quirky spaces available at Hoults Yard. We are also expecting strong interest for the former Arriva bus depot in Jesmond, a large development site in a prime location.

We are happy to confirm that popular Newcastle pizza restaurant, The Herb Garden will open its second venue at Royal Quays Marina (pictured), an area considered by many to be the North East’s finest boating location.

Yogaworks London benefited from a trio of our property services as we assisted them in opening their first yoga studio at a 3,947 sq ft. property in Wandsworth London. In London, we are also pleased to have advised Japanese retailer, Daikokuya on the acquisition of its first UK store on Bond Street.

In Bristol, we have two large former waste processing plants for sale in Exeter and Frome respectively. Our specialist leisure division has seen strong demand for holiday and caravan parks continue and you can find their recent portfolio of deals and available sites here.

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Wakefield's Belle Vue stadium up for sale

Belle Vue Stadium, the official home of rugby team Wakefield Trinity Wildcats, has gone up for sale with an asking price of offers in the region of £600,000. Our Leeds office has been instructed to sell the 120-year old stadium on behalf of the Fixed Charge Receiver of the property.

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Belle Vue Stadium, the official home of rugby team Wakefield Trinity Wildcats, has gone up for sale with an asking price of offers in the region of £600,000.
 
Our Leeds office has been instructed to sell the 120-year old stadium on behalf of the Fixed Charge Receiver of the property.

[fulltext] =>


Belle Vue comprises a 5.8 acre site located on Doncaster Road, one mile south of Wakefield city centre, and has been home to the Wakefield Trinity Wildcats since the late 1800’s. The stadium is being offered as a freehold investment subject to a lease to the rugby club.
 
A new five year lease agreement was reached following Wakefield Trinity Wildcats’ success in ‘The Million Pound Game’ play off at the end of the 2015 season, which secured the club’s Super League status for the current season.
 
Neil Bestwick, partner in the Asset Advisory & Recovery team in Leeds said: “This is an excellent opportunity to acquire this well-known stadium with centuries of heritage. There has been much speculation as to where the club would play its rugby in 2016 and beyond and we are pleased to have been able to agree revised lease terms on behalf of our client resulting in the club’s commitment to this venue going forward.”
 
The stadium has a capacity of 7,236 and includes a mix of covered and open seating along with terraced spectator areas. In addition, the main clubhouse provides a range of accommodation over two floors, including hospitality and conference rooms, offices, changing rooms and ancillary facilities.
 
Unconditional offers for the freehold interest are invited based on a guide price of £600,000.

 

Click here for the property listing.

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/sectors/leisure/8-news-features/latest-news/670-wakefield-s-belle-vue-stadium-up-for-sale?breadcrumb=noimage

Agency - sales & lettings

Our award winning property agents provide transactional services across the UK to owners, occupiers, investors and developers. Our agency teams specialise in regions and industries around the country, providing local insight and technical knowledge that's relevant to your business, property and location. We add value by offering commercially astute advice, and alerting you to the opportunities and threats that might affect your transaction. We'll also work with our property and building consultants to advise you on planning, valuations, business rates, dilapidations, building surveys, lease and rent reviews, as well as talk to our in house architects about any fit-out requirements.   Contact Us

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Our award winning property agents provide transactional services across the UK to owners, occupiers, investors and developers.

Our agency teams specialise in regions and industries around the country, providing local insight and technical knowledge that's relevant to your business, property and location.

We add value by offering commercially astute advice, and alerting you to the opportunities and threats that might affect your transaction.

We'll also work with our property and building consultants to advise you on planning, valuations, business rates, dilapidations, building surveys, lease and rent reviews, as well as talk to our in house architects about any fit-out requirements.

 

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RICS CCS TDS Arla Ombudsman bsi