Friday, October 12, 2023
Brixton Plc busy at Trafford Park
Brixton Plc has completed both a sale and purchase of further properties at Trafford Park, Manchester
At Warren Bruce Road, it has sold a sub-£1m 1.5-acre site. Brixton obtained planning permission for 23,700 sq ft (net) of offices in four buildings on the site which is close to the proposed Media City at Salford Quays. The actual sale price - which the unidentified purchaser does not want to disclose - reflects a 28% increase on the valuation of the property in June of this year.
Brixton has also bought 3 warehouse buildings at Europa Way totalling 15,283 sq ft let to Highland Access and Goodyear Dunlop Tyres UK Ltd at a total annual rent of £68,850. The purchase price was £1.04m reflecting an initial yield of 6.3%. The vendor was a private individual.
At Warren Bruce Road, it has sold a sub-£1m 1.5-acre site. Brixton obtained planning permission for 23,700 sq ft (net) of offices in four buildings on the site which is close to the proposed Media City at Salford Quays. The actual sale price - which the unidentified purchaser does not want to disclose - reflects a 28% increase on the valuation of the property in June of this year.
Brixton has also bought 3 warehouse buildings at Europa Way totalling 15,283 sq ft let to Highland Access and Goodyear Dunlop Tyres UK Ltd at a total annual rent of £68,850. The purchase price was £1.04m reflecting an initial yield of 6.3%. The vendor was a private individual.
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