Two industrial deals in Oldham
A 17,300 sq ft warehouse on Vulcan Street has been sold to Transweb, while a 22,000 sq ft unit on Derker Street in Vulcan Business Park has been leased by ESP Evolution.
WHR Property Consultants acted on behalf of a private individual to sell Serena House to Transweb in an off-market deal. WHR also represented landlord Beva Investments to agree the 10-year lease with ESP Evolution.
GVA is the joint letting agent on Vulcan Business Park. Quoting rent is around £3.75/sq ft.
John Barton, surveyor at WHR, said: "The North Manchester industrial market is booming. Serena House, had recently undergone a substantial refurbishment is a perfect example of how landlords are looking to take advantage of the continued rise in demand from occupiers. Good quality existing stock is rapidly diminishing and before too long demand will exceed supply."
