Acting jointly with Knight Frank on behalf of property investment company Palace Capital Plc, GVA has sold Allen House a 68,000 sq ft 1960’s industrial unit at Ashton Road, Bredbury for £1.55 million.
Colliers acted for the purchaser, Bolton-based developer Seddon Developments.
Strategically located in Stockport’s pre-eminent industrial area and within 250 yards of Junction 26 of the M60 motorway, it is Seddon’s intention to submit planning and redevelop the site to provide smaller, high quality units on a freehold and rental basis.
GVA has been retained by Seddon together with Colliers to market the redeveloped units.
Ruth Leighton, Associate Director, Industrial at GVA, said: “The combination of a prime location and high quality unit, coupled with direct access at Junction 25 to the M60 ring road make this a unique and compelling real estate offer, for which we expect strong demand.”