Region’s largest vacant industrial building changes hands in £7.25m deal
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Acting on behalf of SCC DB Holdings, Davies Harrison Real Estate and Siddall Jones have sold a vacant 160,098 sq ft manufacturing/warehouse facility on a 10-acre site in Stockport to Birmingham-based Mercia Real Estate for £7.25m.
The self-contained property, which is situated on Kenwood Road in Reddish, is to be comprehensively refurbished and marketed to let with Davies Harrison and Siddall Jones retained as the joint letting agents.
Samuel Clark, of Mercia Real Estate, said: “We are extremely pleased to have marked our entrance into the North West industrial market.
“We have acquired the building with full vacant possession which provides the perfect platform for us to showcase our asset management expertise to a new geography where we will be making further significant investments in 2022.”
Rick Davies, of Davies Harrison, said: “Opportunities of this magnitude rarely come to the market and, as such, this was highly sought after by both occupiers and developers.
“This is the only warehouse of this size currently available for immediate occupation within the M60 orbital.”
He added: “Over the last couple of years, demand for the industrial and warehouse sector has grown exponentially and we are already talking to a number of potential occupiers about this site.”
Mercia Real Estate was unrepresented.