No 3 Jordan Street Manchester

DTZ sells small office freehold

Recruitment consultant Cast UK has bought an office building near Deansgate station in central Manchester from media company Drumbeat Creative.

The 2,350 sq ft self-contained office unit at 3 Jordan Street in the Knott Mill area off the end of Deansgate was sold for £228/sq ft.

Simon Roddam, office agency surveyor at DTZ in Manchester, advised Drumbeat Creative. Roddam said: "Freehold transactions are few and far between in the current economic climate. This is due to a number of factors including lack of liquidity and difficulties in securing bank finance.

"The transaction shows that with a successful marketing strategy and a pragmatic approach a sale can be achieved. There is also a level of pent-up demand in the current marketplace."

Drumbeat Creative is now based nearby in Sun House, Little Peter Street.

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