Trafford’s Parkway Trading Estate sold for £10m
Global asset management company Columbia Threadneedle has acquired the 6.4-acre industrial site from CBRE Global Investors.
The site, which is just off junction nine on the M60, is made up of 11 industrial units which range in size from 4,500 sq ft to 40,000 sq ft.
The sale will bring Colombia Threadneedle an estimated rental value per year of £650,000, with an average rent of £6.05/sq ft. The £10m purchase price gives a 5.25% net initial yield.
There is only one vacant lot on the site. Occupiers include Cannon Viking which has two units, and Bridgewater Contracts.
Carrick Real Estate and Knight Frank acted as the agents for CBRE and Metis acted for Columbia Threadneedle.