SCC DB Holdings has sold a vacant 160,000 sq ft industrial unit on a 10-acre site in Reddish to Birmingham-based Mercia Real Estate.
The Kenwood Road facility, acquired for £7.25m, is to be comprehensively refurbished and marketed to let. Davies Harrison and Siddall Jones, who acted for the vendor on the deal, have been retained as the joint letting agents.
Precast concrete manufacturer SCC Design Build, part of SCC DB Holdings, occupied the unit previously but the company was liquidated earlier this year.
Samuel Clark, chief executive of Mercia Real Estate, said: “We have acquired the building with full vacant possession, which provides the perfect platform for us to showcase our asset management expertise to a new geography where we will be making further significant investments in 2022.”
Rick Davies, director of Davies Harrison, said: “Opportunities of this magnitude rarely come to the market and as such, this was highly sought after by both occupiers and developers.
“This is the only warehouse of this size currently available for immediate occupation within the M60 orbital.”
Davies added that talks with potential occupiers were already underway, such is the demand for industrial space in the wake of the pandemic.
Mercia Real Estate was unrepresented on the deal.