Chancerygate sells Chorley warehouse for £3.6m

Warrington-based industrial developer and asset manager Chancerygate has sold a 47,500 sq ft unit at Eaton Point, Chorley, for £3.6m.

Called Unit One, the building has been sold to real estate investment trust Warehouse REIT. It is currently occupied by manufacturer Tilemaster Adhesives on a five-year lease.

The wider Eaton Point development completed last October and included the refurbished Unit One and 14 new-build units. It is now 95% occupied with 12 of the 14 units sold. The two remaining units both total around 3,300 sq ft.

Located on Eaton Avenue within Matrix Park, the entire scheme totals 101,000 sq ft of warehouse and industrial accommodation.

Chancerygate asset manager, David Tyson, said: “Unit One’s sale is further proof of our Warrington team’s entrepreneurial approach and professional capability.

“Combining development, project management and asset management expertise within one office sets us apart and allows us to act quickly to maximise commercial opportunities. Unit One is a significant sale for us as we continue to expand our business throughout the region and beyond.”

In addition to the sale of Unit One, Chancerygate recently sold four further units at Eaton Point. Three of these units totalling 15,350 sq ft were purchased by Kifinas Estates between March and June. They will be occupied by Patisserie by Nigel Smith, an artisan patisserie producer which supplies sporting events including Wimbledon and the Grand National.

In February, manufacturer of patented energy-saving systems, EnergyAce, also purchased a unit totalling 4,800 sq ft.

Tyson added: “Eaton Point has proven to be a great success, with its latest occupiers providing further investment and job creation opportunities. We have strong interest in the remaining two units.”

Savills acted for Chancerygate and B8 Real Estate advised Warehouse REIT.