Belle Vue Greyhound Stadium sold

Bolton-based SCP Investments has bought the Belle Vue Greyhound Stadium in Manchester for £2.6m, from GRA Acquisition Group in a sale and leaseback deal.

The 12-acre site, two miles east of Manchester city centre, opened in 1926. The ground has capacity for 4,000 people and parking for 400 cars. Belle Vue is used for regular greyhound meets operated by the Greyhound Racing Association, in addition to a Stock Car racing club.

In 2013, GRA Aquisition agreed to lease Belle Vue to a management team trading as GRA on a 10-year lease.

GRA is controlled by Risk Capital Partners. Risk Capital bought the Greyhound Racing Association's tracks in 2005 for £50m, along with silent partner Galliard Homes.

David Nuttall, senior surveyor in Knight Frank's investment team said: "Belle Vue's excellent transport links and proximity to the city centre made it an attractive proposition for SCPI."

SCPI was advised by Knight Frank. CBRE advised GRA Acquisition Group.

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They should be shutting it down for cruelty to dogs!!!

By lynnie

Oh come off it Lynnie. Those dogs are well-fed and well exercised – more so than the average house-mutt! The place itself, of course, is an utter dive and I can only imagine the £2.6m price tag was for the long-term redevelopment value and not the shabby facilities.

By Anonymous

I wonder what the long term future holds for the place? The concern is that neither the GRA nor SCPI will have the cash/desire to upgrade the stadium and it will eventually fall into an even worse state than it is now.

By Anonymous

Interesting That The Belle Vue Aces Speedway Team who have been tenants there since 1988 are not mentioned maybe they are getting the new stadium they really deserve next door one hopes!

By Simon James Bradshaw

When is it being demolished, we watch stock cars and is really good

By Tyrone

Hope they build houses on it – good riddance!

By Alan H

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