Bonus acquisition signals next phase of trade yard expansion

The purchase price for the former Bonus Electrical outlet in Willerby, near Hull, has not been disclosed but Allenbys said the deal takes the level of investment in Trade Yard into seven figures, with other sites already operating in Beverley and Scunthorpe.

A national brand has already committed to opening at the new premises in Grange Park Lane. Allenby says further arrivals will drive the creation of up to 30 jobs at the site.

Dale Gooderham, asset manager at Allenby Commercial, said: “We’re planning to start work immediately on redeveloping the site to create the third of our hugely-popular Trade Yard network. As with Beverley Trade Yard and Scunthorpe Trade Yard we have identified this as an ideal location which is busy, spacious and has great access.”

Allenby Commercial acted quickly to acquire the property – which includes the former showroom, offices and storage facilities and an adjacent building – when Bonus Electrical decided to focus on its other sites and its online business. After a full upgrade, the building will offer 20,000 sq ft of space next to Willerby Shopping Park, where neighbours include Waitrose, McDonald’s, B&M and Aldi.

Mr Gooderham said: “We re close to announcing the identification of the national brand which we expect to create at least 10 new jobs as part of a total of around 30 jobs across the development.

“They have been attracted by the location on the A164, convenient for all the west Hull villages and beyond, and the quality of the property which will bring significant cost benefits as a result of our eco-friendly upgrade and commitment to renewable energy sources.”

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