CDP Marshall has completed construction of Broadway 67, a speculatively built 35,500 sq ft warehouse in Hyde, and disposed of a neighbouring 6.65-acre site to Bellway Homes through Davies Harrison.
Bellway, which acquired the residential plot for an undisclosed sum, has now secured detailed planning permission to build 78 detached and semi-detached homes at the site, which is off Dukinfield Road, between Hyde and Dukinfield.
Rick Davies, director at Davies Harrison, said: “We had very strong interest from a number of residential developers for this site but Bellway provided the most competitive offer and coupled with its strong track record for delivery, we were quickly able to negotiate a deal that suited all parties.”
The Broadway 67 building includes 2,000 sq ft of office space across two levels. The unit is available for immediate occupation with quoting rental levels at £6.50 per sq ft leasehold and is also available to purchase. Davies Harrison and JLL are the retained agents for the building.
Davies added: “Broadway 67 is one of the first speculative industrial facilities in East Manchester in the last 10 years and as such, it is already attracting strong interest underpinned by the high quality specification and the lack of available stock in the area together with the strength of the regional market.”