A U.S. business has bought a 174,000 sq ft North Manchester warehouse said to be the largest freehold unit available in the North West.
Avison Young has negotiated the sale of the North West’s largest freehold industrial deal of the year having disposed of Galaxy 173 – a 173,700 sq ft in warehouse in Chadderton, Manchester – on behalf of Tetrosyl Group Limited.
An unnamed US household goods company has expanded its UK operation by taking the modern, single storey building, which was being marketed at a price of £10 million.
Galaxy 173 is situated on a 11.4 acre site on Greengate in Chadderton just 1.5 miles away from the M60 in a well-established commercial area where neighbouring occupiers include Great Bear, Kitbag and Costco.
James Goode, Senior Surveyor at Avison Young, comments: “Since bringing this property to the market, we have had significant interest from a number of potential occupiers. There is a marked shortage of good quality freehold stock currently available and with demand from occupiers looking to own their own buildings remaining strong, we were able to secure a back-to-back deal to tie in with our client vacating in December.”