Stockport Trading Estate, CBRE IM, c Google Earth snapshot

The site is located close to Junction 1 of the M60. Credit: Google Earth

Stockport industrial on sale for £20.7m

24 January 2024 09:42 Dan Whelan Comments (1)

CBRE Investment Management is looking to offload the 168,000 sq ft Stockport Trading Estate. 

Located off Yew Street close to Stockport Pyramid and spanning 11 acres, the industrial complex is let to Tyco Fire Products Manufacturing and Booker, among others. 

CBRE IM has appointed CBRE to find a buyer for the asset, with bids of £20.7m sought. A sale at guide price would reflect a net initial yield of 5.75%.

Stockport Trading Estate, which boasts 11 units, has a WAULT of more than six years to expiry. Rents at the complex currently top out at £12.50 but it is estimated there is room for rental growth if the units were to be refurbished. 

CBRE recently acted on the sale of another Greater Manchester industrial complex. The firm advised AXA IM on the sale of Downing Street Industrial Estate to Transport for Greater Manchester for around £15m. 

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This would be a ideal site for a new 20,000 stadium for Stockport County FC.

I hope County owner Mark Stott makes a bid.

By County Fan

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