Commercial Property News

Our magazines are published bi-monthly with in-depth features and news for the commercial property industry. On this page we have the latest news to keep you constantly updated on the market. On the left hand side of the page you can search our archived news which is stored monthly.

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.