Industrial and office scheme sold for £1.75m

Aerial shot of Phoenix Mills
Cert Property, the Manchester-based independent property and investment company, has disposed of Phoenix Mills – a 72,306sq ft industrial and office scheme in Failsworth in an off-market deal for £1.75m to a private investor, reflecting a net initial yield of 11.5%. Cert Property acquired the multi let property, which sits on a 3.6-acre site and is located on the junction of Cheetham Street and Oldham Road from receivers less than 12 months ago. Howard Lord, managing director of Cert Property, said: “Upon acquiring the prev... For the full story register now for free or login below...