Recent Deals

Whinbank Park Industrial Estate, Newton Aycliffe, County Durham

Acquired for £7m – reflecting initial yield 9.5%

The industrial estate comprises 285,238 sq ft of accommodation across 90 units let to 52 tenants on a site of 18.78 acres. The investment offers significant value add and reversionary potential. The property was acquired on behalf of middle eastern clients from MCR Property Group.

John Street/Winwick Street, Warrington

Sold for £3m

2.1 acre site with planning consent for the erection of a new build, 6 storey building comprising 284 apartments together with commercial accommodation at ground level and associated car parking.

Clayton House, Piccadilly, Manchester

Acquired for £2.7m

The property comprises a six floor Grade II listed building with retail space over ground floor and basement and office space on four upper floors.

Waterstones, Bolton

Acquired for £2.5m

The property comprises a substantial four storey retail premises of approx. 19,000 sq ft. Let to Waterstone at £325,000pa.

Southgate House, Archer Street, Darlington

Sold for £2,250,000

A modern air conditioned, high specification office block built in 2005 offering accommodation a ground and three upper floor levels. The floor area extends to 28,750 sq ft. Externally there is car parking for 85 cars. Excellent covenant strength. New 10 year lease without breaks. Income £235,000pa.

1 Pepper Road, Hazel Grove, Stockport

Sold for £2,175,000

The property comprises a former warehouse and office premises which in recent years has been converted to provide a mix of different uses including a business centre (serviced offices) currently part let and income producing, café, roller skating rink and soft play centre. Overall site area is approximately 4.6 acres.

Red Lion Street, Northern Quarter, Manchester

Sold for £2m

The site is flat, level and largely cleared of buildings, although a small building fronting Union Street remains. Planning consent for 38 apartment scheme and three retail units at street level. Total GIA 3,694.91m2, NIA 2,890.5m2.

Ridgefield Street, Failsworth, Manchester

Sold for £2m

The property comprises a flat vacant site which extends to approximately 2.25 acres. Subject to a Section 106 Agreement, planning consent has been granted for the erection of 157 new dwellings.

Edgeley Park Football Stadium, Hardcastle Road, Stockport

Sold for £2m

A site area of 5.75 acres (2.3ha). Stockport County Football Club in occupation – Tenant unaffected. Lease expiry June 2020.

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Units 5, 6 & 7 Bankside Business Park, Stockport

Sold for £1.75m

Agent WT Gunson has completed the sale of three units at Bankside Business Park for client Pleskam Property Developments. Neal Sayle, partner at WT Gunson, said: “The building was brought to market in January, and was put under offer after a month or so of marketing.”

Phoenix Works, Stalybridge, Cheshire

Sold for £1.6m

WT Gunson have sold Phoenix Works, a multi-let Industrial Estate in Cheshire producing £221,315pa with anchor tenant Dane Color Ltd in occupation.

12 Charlotte Street, Manchester M1

Sold for £1.5m

The property comprises an attractive five storey Grade II listed period building with additional basement accommodation. Basement occupied by Chinese restaurant operator on 25 year lease from June 2011 at an annual rental of £17,550pa plus VAT.

Rosedale Building, Oldham Road/Old Church Street, Newton Heath, Manchester

Sold for £1.25m

The property comprises an attractive former Co-op building which has been converted to provide various ground floor retail units. The property is situated on a site of approx. 0.5 acres. Planning permission for ground floor retail, 114 flats and basement parking.

Cobham House, Blackburn

Sold for £1,215,000

The property comprises a modern two storey self contained office building with excellent parking for 72 cars. Total area 14,803 sq ft. Acting as joint agents with Trevor Dawson.

130/140 Princess Road, Manchester, M16

Sold for £1.2m

A landmark building occupying a prominent position on the busiest arterial route in Manchester City Centre from the South. The property comprises a modern detached workshop/warehouse with good office content with large enclosed yard/parking area. Overall total 15,220 sq ft.

Globe House, 30-34 Southall Street, Manchester

Sold for £1.2m

A traditional four storey Victorian building providing character office and studio accommodation plus basement storage. Extensively renovated during the 1990s, the property has exposed brickwork, timber ceilings etc. Gross internal area approx. 19,000 sq ft.

Artillery House, 15 Byrom Street, Manchester

Sold for £725,000

The property comprises a modern four storey office premises with addition basement accommodation. Overall total 2,811 sq ft.