Acting on behalf of Trafford Housing Trust, Roger Hannah Chartered Surveyors have sold Maple Court, Cross Street in Sale, South Manchester in an off-market transaction to a private investor.
The property is a prominent retail led investment underpinned by a long term lease to the Co-op and Vetcare Limited, and one vacant unit. The property also included the ground rents for 34 residential apartments generating an income of £95,540 per annum with an Estimated Rental Income of approximately £135,000 when fully let.
Tom McDonald, of Roger Hannah said, “delighted to have concluded this transaction which involved resolving quite a few legal obstacles with the outcome being a good result for both parties. We continue to act for clients who both acquire and dispose of investment property including off market transactions such as Maple Court”.
Neil Higson of Wildbrook Commercial Real Estate, acted on behalf of the purchaser.