Double deal completes at The Depot
Acting on behalf of Reliance Properties, the industrial team at CBRE Manchester has completed both a sale and a lease deal at The Depot, a 170,000 sq ft extensively refurbished warehouse on Whitelands Road in Ashton-Under-Lyne, Greater Manchester.
BC Real Estate and Davies Harrison acted as joint agents.
Online food shopping retail business, Aytac Foods, has purchased 71,263 sq ft at The Depot for £3.35m, and Belfield Furnishings has leased 93,625 sq ft on an 11-year lease term at £4.25 psf.
The two deals follow the acquisition of the former bus depot by Reliance Properties.
The company implemented a comprehensive refurbishment of the property to include new clad elevations, offices and loading doors.
The Depot has excellent transportation links to Greater Manchester, with Ashton-under-Lyne located within six miles east of Manchester city centre.
Oldham lies three miles to the north and Stockport is five miles south west.
Junction 23 of the M60 motorway is approximately two miles to the west.
Phil Meakin, from asset managers PIN Property, said: “Both Aytac Foods and Belfield Furnishing were identified prior to completing the refurbishment programme, underlining the depth of industrial occupier demand for north-east Manchester.”
