Willan Investments sells landmark Altrincham property for £725K plus

An office and retail property in Altrincham, Greater Manchester has been sold by Willan Investments to private investment company TELL Holdings for £725,505.

The landmark building 1-7 Downs, at the corner of Ashley Road and The Downs comprises 6,826sp ft with six office suites on the upper three floors, most of which are let and two ground floor units at 1 and 7.

The 600sq ft retail unit at 7 the Downs has just been let to a hearing aid company on a five-year lease at a rent of £10,000 per annum.

Daniel Lee, director, Regional Property Solutions who acted for the vendor, said: “Following TELL Holdings purchase of the building it has appointed RPS as the managing and letting agents.

“Situated in a prime location it provides the ideal opportunity, through pro-active asset management, to achieve an uplift in rental stream.”

The iconic building is also home to a handsome clock which dates back to the early 19th century that is still keeping time for the town’s inhabitants today.  It is regularly maintained by the original clock makers.

As well as Regional Property Solutions, Thomas Willmax acted for the vendor.