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Sunday, April 14, 2024
PropertyAnother Freehold multi-let office investment in Altrincham changes hands

Another Freehold multi-let office investment in Altrincham changes hands

Warrant House, a prime multi let office building located just 50m from the buzzing market hub in the centre of Altrincham has been sold by Grangethorpe Properties Ltd to private clients of Christopher Dee LLP for an undisclosed sum.

The 10,000 sq ft three storey office building is fully let to Fletcher Legal Services, Code Resource, Yip Yap, Candour Solutions, Entire FS, Made-to-Order, and Orion Group and currently generates an annual income of £187,000 per annum.

Daniel Lee, managing director, Regional Property Solutions, who acted for the vendor, said:

“We have been the letting agents for this distinctive building for over a decade and it has consistently attracted and retained quality tenants. Our client, Grangethorpe Properties, wished to dispose of this investment through a low profile off the radar campaign, so, we made discreet inquiries to identify potential buyers meeting the necessary criteria for this level of investment and in the market to buy.

“Christopher Dee’s client was the ideal purchaser and we look forward to assisting them going forward.”

Chris Jones, partner at Christopher Dee, said: “The Altrincham office market has significant potential and is now a genuine alternative to Manchester City Centre. There is a distinct shortage of quality office space in the town as more local and regional businesses recognise the many benefits of working closer to home and enjoying the vibrant atmosphere of the North West’s coolest town centre”.

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