Doncaster office block sold for £1.25 million

Spinner Point, Lakeside in Doncaster.
Spinner Point, Lakeside in Doncaster.

A prominent Doncaster office building has been sold off for £1.25 million.

Leeds-based GMI Developments has sold its Spinner Point office at Lakeside to a private investor.

No details have been given about the buyer or their intentions for the building as yet. But a spokeswoman for GMI said all of the businesses currently situated in the office would continue as normal.

The 10,376 sq ft office was completed in 2009 and overlooks the 50 acre lake and is fully occupied by tenants Close Brothers Ltd, GB Railfreight Ltd and RecyCoal Ltd.

Chris Gilman, managing director of GMI Developments, said; “The sale of Spinner Point continues the success story of Lakeside, which is one of South Yorkshire’s most significant regeneration schemes. Fully let to good quality tenants, the building represented a sound investment for the purchaser and this deal forms part of our long-term strategy for our interests in Lakeside.

“The unique nature of the scheme with its waterside setting and neighbouring amenities has ensured its success and to be attracting investment in this way demonstrates its appeal to keen investors and is a positive sign for the regional property market. We are currently in active negotiations with an owner occupier for our remaining 1.2 acre site.”