A WARRINGTON trading site has been bought in a £3 million deal.
Warrington Central Trading Estate, a 120,000 sq ft industrial complex, has been acquired by Langtree Group in a deal with Aviva.
The company believes the 11-acre site, situated off Dallam Lane, has huge potential for income generation.
Langtree property director Martin Mellor said: “Warrington Central Trading Estate is currently only 50 per cent let and as a big edge-of-town site with good long term potential, it’s a perfect fit for our investment portfolio.
“We will shortly start work on a substantial upgrade programme to enhance the site. We feel that these works combined with the location will position the estate to readily attract new tenants.”
Following upgrades a range of good quality industrial units will be offered by Langtree ranging from 2,000 sq ft to 20,000 sq ft. In addition, there is approximately 2.5 acres of hardstanding space which the company intends to let as open storage.
Mr Mellor said: “With our in-house letting and locally based hands-on management expertise, we are confident that the newly refurbished site will attract a good level of interest from the local market.
“Good quality industrial space on a well-managed site, close to the town centre with easy access to the M62, is certainly hard to find.”
Trading estate bought for £3m
00 Comments
Share.
About Author
Gary Skentelbery
Experienced journalist for more than 40 years. Managing Director of magazine publishing group with three in-house titles and on-line daily newspaper for Warrington. Experienced writer, photographer, PR consultant and media expert having written for local, regional and national newspapers. Specialties: PR, media, social networking, photographer, networking, advertising, sales, media crisis management. Chair of Warrington Healthwatch Director Warrington Chamber of Commerce Patron Tim Parry Johnathan Ball Foundation for Peace. Trustee Warrington Disability Partnership. Former Chairman of Warrington Town FC.
