Offices in South Manchester in demand

COMMERCIAL property consultant Canning O’Neill has sold two buildings in Cheadle in Heaton Mersey in South Manchester.

Acting on behalf of a private investor, 3 The Courtyard in Cheadle has been sold to manufacturer Parkash Textiles. The building comprises six self-contained offices totaling 14,760 sq ft.

Parkash is relocating from Cheetham Hill to take 1,614 sq ft to join existing occupiers Prima Hotels, Forever Creative, XYZ Property Management and Ask Legal.

In a separate deal, Canning O’Neill has completed the sale of Building A14 at The Embankment, a 5,061 sq ft self-contained office building in Heaton Mersey to IT infrastructure company R-Com Consulting, which has relocated from Manchester Business Park.

Owned by Lam Properties, the unit forms part of The Embankment Business Park, a development of new office and warehouse buildings, developed over six phases.

Conrad O’Neill of Canning O’Neill said: “These deals demonstrate the return of owner-occupier demand in the South Manchester market, which all but evaporated during the recession due to the difficulty in raising mortgage finance.

“The banks are lending to small businesses again and occupiers are clearly confident to make these long term investments.”

The value of both deals has not been disclosed.