DAVIES HARRISON COMPLETES SALE OF RADCLIFFE INDUSTRIAL INVESTMENT FOR £1.77 MILLION
Acting on behalf of Cascade Directors Pension Fund, Davies Harrison Real Estate has completed the sale of Cemetery Works – a 37,398 sq ft self-contained warehouse in Radcliffe – for £1.77 million.
The property, which is fully let to PCL Building Products Limited, offers an attractive income profile alongside asset management potential, with a tenant break option providing the opportunity to secure vacant possession within 12 months.
Cemetery Works comprises a two storey industrial facility situated on a secure two acre site and also benefits from integrated office accommodation alongside its warehouse provision, offering a well rounded occupational solution.
John Harrison of Davies Harrison Real Estate commented: “This transaction reflects the continued depth of demand within the North West industrial investment market, particularly for well let assets offering both income security and future asset management opportunities. While investor focus has traditionally centred on established industrial hotspots, we are seeing increasing interest in strong secondary locations such as Radcliffe, where pricing remains attractive. Assets such as Cemetery Works, which combine secure income with the potential to add value over the longer term, continue to resonate well with purchasers.”