CRT gets industrial units for less than £1m
CRT Property Investments has added to its portfolio of commercial properties with the acquisition of 17,388sq ft of prime industrial space in St Helens on Merseyside for less than the quoted asking price of nearly £1m.
With the support of Birmingham-based real estate asset management company Blue Marble Asset Management, CRT Property Investments has bought Units 2 & 3 Sutton Fold, Lancots Lane, Sutton Fold, St Helens.
At present untenanted, Units 2 & 3 Sutton Fold are a pair of semi-detached modern industrial units occupying their own site with office accommodation, a large gated secure yard and good car parking provision on a well located industrial estate with good access to Junction 7 of the M62 and Junction 23 of the M6 motorways.
Property Investment and Development Director for CRT Property Investments, Shaun O’Brien said: “This is an excellent property which merits occupation by a single tenant and will become a strong income producing investment for us. Once again Blue Marble has assisted in the acquisition of the very highest quality property and investment opportunity.”
Blue Marble chief executive Tim Matthews said: “We secured this investment for our client against some competitive bidding.
“Although the buildings are unoccupied at present, we are already in discussion with a prospective occupier, as part of a very clear business plan to maximise the performance of this investment over the coming months and years.
“However, we are still open to offers for the tenancy and have appointed Warrington-based B8RE as letting agents.”
CRT Property Investments is a subsidiary of the Coalfields Regeneration Trust, which claims to be the only organisation dedicated to supporting the coalfield communities to help themselves.