Shield Drive No 29
29 Shield Drive is let until 2023 to Proline Engineering

Eric Wright acquires Worsley unit

Sarah Townsend

The group bought the 37,300 sq ft industrial property from Guernsey-registered Jolivet Investments for £2.5m.

29 Shield Drive is located on Wardley Industrial Estate, a business complex adjacent to Junction 14 of the M50 in Worsley, Salford.

The unit is let until 2023 to Proline Engineering on a 10-year lease with a rental income of £130,000 per year.

Other occupiers across the estate include e-commerce, logistics, manufacturing and storage firms including Amazon, Royal Mail, Howden Joinery, Wincanton, BOC, Ready Steady Store, Stax Trade Centre and Clipper Logistics.

Agencies B8 Real Estate and Lamb & Swift acted for the vendor, while Neil Higson at Wildbrook CRE acted for Eric Wright Group.

Patrick Naylor, Eric Wright’s group portfolio manager, said: “Located at the heart of the region’s motorway network, Wardley Industrial Estate represents a sound investment opportunity.

“This unit is extremely well specified and there is robust demand for good quality, mid-box industrial facilities in the North West.

“We will continue to look for prominent and well-located industrial assets to add to our commercial property portfolio, the value of which exceeds £70m.”

 

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There a unit to rent on Bolton Road Swinton been vacant for along while next to the Royal oak pub if this helps

By Karen davis