Roger Hannah’s Investment Department was kept busy during June, with disposals totaling £3.7 million. This was helped in no small way with the completion and sale of Meadow Mill in Stockport for in excess of the £2.5 million guide price. The purchaser is a private London-based investor or developer who is to invest significant sums to regenerate and exploit the opportunities that the mill offers.
Other significant investment sales in June included a business centre in Timperley/Altrincham and a Lloyds Pharmacy investment.
Stuart Cooper, Director & Head of Investment Agency, commented:
“The start of the 2016–17 financial year has been extremely positive for investment sales, with demand outstripping supply.
Since the re-structure of the department, we have significantly increased both our database of investment buyers and stock of investment properties. This trend is continuing as we seek to both acquire and dispose of investment stock for clients.”