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PropertyAltrincham, prime office investment sold for £2M

Altrincham, prime office investment sold for £2M

Garden Place, a town centre freehold office investment, in Altrincham, has been sold by Private Investors for £2M to IGP Investment Ltd

Garden Place, an architecturally impressive, four storey building comprising 10,101 sq ft, occupies a prominent corner position on Victoria Street and Garden Lane within a few minutes’ walk of the prime pedestrianised Stamford Quarter, George Street and the celebrated vibrant Market.

The high spec offices are let to a good tenant mix, on effective FRI leases currently producing £149,000 per annum.

Daniel Lee, managing director, Regional Property Solutions, who sold the building on behalf of the private investors, said:

“This is the first prime multi-let office investment to be sold in the town centre this year. It attracted a great deal of interest with a robust level of quality bids on the day setting a bench mark in Manchester’s most affluent and sought after suburb”.

Regional Property Solutions and Ryden acted for the vendor and Christopher Dee LLP for the purchaser.

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