Partner Article

Altrincham, prime office investment sold for £2M

Garden Place, a town centre freehold office investment, in Altrincham, has been sold by Private Investors for £2M to IGP Investment Ltd

Garden Place, an architecturally impressive, four storey building comprising 10,101 sq ft, occupies a prominent corner position on Victoria Street and Garden Lane within a few minutes’ walk of the prime pedestrianised Stamford Quarter, George Street and the celebrated vibrant Market.

The high spec offices are let to a good tenant mix, on effective FRI leases currently producing £149,000 per annum.

Daniel Lee, managing director, Regional Property Solutions, who sold the building on behalf of the private investors, said: “This is the first prime multi-let office investment to be sold in the town centre this year. It attracted a great deal of interest with a robust level of quality bids on the day setting a bench mark in Manchester’s most affluent and sought after suburb”.

Regional Property Solutions and Ryden acted for the vendor and Christopher Dee LLP for the purchaser.

This was posted in Bdaily's Members' News section by Jill Brain .