Seddon Developments has bought a 68,000 sq ft industrial unit on Ashton Road, Bredbury, for £1.55m.
The developer purchased the warehouse from investment company Palace Capital.
Knight Frank and GVA sold the unit on behalf of Palace. Colliers represented Seddon.
Seddon plans to work up proposals to redevelop the site to provide smaller, higher-quality industrial units on a freehold and rental basis.
GVA and Colliers have been retained by Seddon to market the redeveloped units.
Ruth Leighton, associate director of industrial at GVA, said: “The combination of a prime location and high quality unit, coupled with direct access at Junction 25 to the M60 ring road make this a unique and compelling real estate offer, for which we expect strong demand.”