The Co-operative Bank has instructed Cushman & Wakefield to sell the Stockport Pyramid, bringing 86,000 sq ft of office space to the market with an asking price understood to be around £4.5m.
One of Stockport’s most recognisable buildings, the Pyramid has been home to the Co-operative Bank since 1995, but many functions have since relocated to Manchester’s NOMA and other sites, leaving the building surplus to requirements.
Situated on Junction 1 of the M60, the building comprises 86,000 sq ft over five floors with 426 on-site car parking spaces, although it has seen few major improvements since being completed in 1992, and is understood to need extensive refurbishment.
It is being sold on a freehold basis, and Rob Yates, partner and head of office agency at Cushman & Wakefield, said he expected “strong interest in the building.
“The property will appeal to owner occupiers and investors alike. Stockport as a business location is extremely strong, the town has seen significant investment of late and is now recognised as a great location to live, work and play. The success of Stockport Exchange and Redrock are testament to this,” he said.
The Pyramid has had a chequered history, and laid empty for several years after its completion after its original developers went into administration. The Co-operative, which had also funded the project, took control of the building in the hopes of finding a tenant, before moving in itself in 1995.