Marnshaw buys Bury trading park for £2.2m

Marnshaw Ltd has acquired the Bridge Trading Estate, Bury, from the Canal and River Trust for a headline consideration just above £2.2m.

Bridge Trading Estate is a multi-let industrial property with a rental income of £156,000 but with the potential to increase the income up to £231,000.

The transaction represents a net initial yield of 6.70% but with a reversionary yield of around 10%.

Simon Cook, director of Roger Hannah & Co which will be managing the investment, said: “The acquisition of Bridge Trading Estate represents an excellent acquisition for Marnshaw giving it the prospect to maximise the potential of the investment and to hopefully increase the yield to a figure in excess of 10%.

“This is a real asset management opportunity.”

Sanderson Weatherall acted for the Canal and River Trust in the transaction.