Friday 28th Oct 2016 - Logistics Manager

Stockport sites sold

GVA Grimley has negotiated the sale of units 10/11 and A – D Bramhall Industrial Estate in Stockport to private clients of David Rose for nearly £1.5M, reflecting a 7.43% NI yield. The property comprises 2,242sq m of modern industrial accommodation and is let on a 15-year FR&I lease from April 2004 to Adidas (UK) at £113,500 a year incorporating break options at years five and ten.

David Winterbottom, partner at GVA Grimley, says: “This is a great investment opportunity and is a real success for our client, Trigram Properties, and the purchaser.”