Bury-based Bridge Trading Estate changes hands in £2.2m deal

Bridge Trading Estate in Bury has been acquired for a seven-figure sum.

Investment firm Marnshaw Limited signed a deal to purchase the development from its current owner, the Canal and River Trust, for a headline consideration of just over £2.2m.

A multi-let industrial property, Bridge Trading Estate boasts a rental income of £156k.

Marnshaw said the scheme has the potential to deliver an income of up to £231k.

Simon Cook, director of Roger Hannah & Co, hailed the transaction as an “excellent” move for the Manchester-based company.

He said: “The acquisition of Bridge Trading Estate represents an excellent acquisition for Marnshaw Limited, giving them the prospect to maximise the potential of the investment and to hopefully increase the yield to a figure in excess of 10%.

“This is a real asset management opportunity.”

Roger Hannah & Co, Simon explained, will be managing the investment.

He added: “It is a great opportunity for us to stay involved in the project.”

The Canal and River Trust was represented in the deal by property consultants Sanderson Weatherall.

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