This Freehold property was purchased in 2019 as a long-term investment and has been let to one sole tenant, that has been in occupation for nearly 15 years.
This forms the company’s most recent acquisition in Manchester and represents our growing ambition to acquire further interesting and attractive opportunity assets within the Manchester region.
The property compromises a single steel portal frame warehouse of over 42,000 sq ft with a secure yard and loading area to front and side which form part of the full site boundary in access of 2.11 acres. The building is a well-located industrial/logistics unit in Trafford Park which is the premier industrial estate in Manchester, 4.5 miles from Manchester City centre.
Trafford Park and the surrounding areas have been subject to extensive regeneration and development in recent years with the introduction of new mixed use schemes at Salford Quays and MediaCity. The area is set to significantly grow over the next decade and Span Group are currently appraising opportunities as to how the property value can be enhanced through additional volume, additional use classes or other asset management strategies.