Gas company takes 10-year lease on Bredbury property
Gaerwen Properties, represented jointly by Savills and Legat Owen, has let an industrial unit at Corrie Way in Bredbury, Stockport, to Cadent Gas.
The UK’s largest gas distribution network has agreed a new 10-year lease for the 26,611 sq ft detached warehouse unit, which also includes ancillary office space at ground and first floor levels.
The letting achieved the asking rent of £175,000 per annum.
Nine Corrie Way is situated in the heart of the established Bredbury Industrial Estate, one of South Manchester’s key industrial areas and home to more than 100 businesses across 220 acres.
Billy Seddon, associate in the Manchester industrial agency team, said: “Nine Corrie Way demonstrates the strength of the South Manchester market, with a letting being achieved at the quoting rent within a few months of the unit becoming vacant.
“Bredbury Industrial Estate is located in a prime position and continues to attract a diverse mix of tenants, which is reflected in strong occupancy levels and rental growth being achieved.”