Welbeck buys Warrington industrial unit
CB Richard Ellis Investors has sold 1 Chesford Grange in Warrington for £2.75m.
The 112,000 sq ft industrial unit was purchased by Welbeck Asset Management and is let to discount warehouse, JTF.
Chesford Grange is located adjacent to the M6 motorway, close to Junction 10 and 11 of the M62 motorway and approximately two miles from the M56/M6 interchange.
Rob Woods, associate director in the capital markets team at CBRE, who advised CB Richard Ellis Investors, said: "Chesford Grange is an excellent proposition for investors, presenting the opportunity to acquire an income producing asset.
"Warrington has one of the strongest economies in the country and its unrivalled location has resulted in the town becoming one of the region's primary industrial hubs. Chesford Grange is a good long-term investment due to the fact that demand will always exist for good quality industrial space in Warrington."