Patrick Properties has acquired the freehold interest of Stanley Green Trading Estate, Cheadle Hulme.
Located in a prime South Manchester location adjacent to Stanley Green Retail Park, the estate comprises two trade/showroom units together with a prominent 0.5-acre site. The properties are let to longstanding occupiers including Topps Tiles.
Patrick Properties was represented by B8 Real Estate, whilst the vendor was represented by Richard Smith of Fifield Glyn.
John Burrows of B8 Real Estate commented:
“We are delighted to have advised Patrick Properties on this acquisition. The estate is situated in one of the premier trade locations in the North West and offers numerous asset management opportunities, including an immediate lease renewal, significant reversion and medium-term redevelopment potential across a prominent 0.5-acre site.”
Jordan Kennedy of Patrick Properties added:
“It is rare to secure such prime real estate in such an established location. We look forward to working with our new tenants, and the future opportunities this site will bring.”
Patrick Properties is currently in planning to sympathetically develop out the former Mercure Hotel in Bowdon and has recently brought Regus to their 60,000 sq. ft Altrincham HQ.