Property Briefs: Seneca House; Turtle Wax; KFC deal in Middleton
A FINANCIAL consultancy business has acquired the 15,000 sq ft Seneca House in Blackpool.
The Links Point building has been sold by PwC, the liquidator of Rok Developments.
The identity of the buyer, and the sum paid, were not disclosed, but the new owner plans to move into some of the office space. The first floor is let to The Insolvency Service.
Altrincham-based commercial agent TFC and Robert Pinkus & Co acted on behalf of PwC. The buyer was advised by Wignall Brownlow.
Ben Fallows of TFC said: “Part income producing investments such as Seneca House are an attractive option particularly for SME’s looking for the opportunity to invest in property both for its pension fund and its own business occupation. There is also a three-acre freehold site available on the same estate which offers an ideal investment opportunity for the development of similar units.”
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CAR polish maker Turtle Wax has signed a 10-year lease on 4,951 sq ft at Alaska House in Liverpool.
It is relocating its Europe Middle East and Africa (EMEA) headquarters from East Gillibrands in Skelmersdale to the business park in Dunnings Bridge Road, Sefton.
Tom Healy, European interim president, said: “We are excited that Liverpool will provide a great environment as our new EMEA headquarters to operate and grow our business moving forward. This move will contribute to a stronger culture that will enable our longer term strategic objectives.”
Atlantic Park is owned by Royal London and the agent is CBRE.
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WORK has started on a 4,000 sq ft KFC Drive Thru at Kemp Retail Park in Middleton, Greater Manchester.
Landlord Kirkland Developments expects the restaurant to be open by the end of the year.
It has struck a deal with a private investor who has agreed to buy the finished building at a price which reflects a yield of 5.7%. KFC has already signed a 25-year lease at a rent of £73,500 a year.
Kirkland has already constructed a 15,000 sq ft foodstore with 130 parking spaces, and is planning a 9,000 retail unit at the site which was previously occupied by industrial buildings owned by Parkfield Holdings.
Kirkland was represented by Cheetham and Mortimer, while the private investor was advised by Steadman Brierley.
