Acting on instructions from Clearbell Capital, in a joint agency capacity with Gerald Eve, we are delighted to have completed the sale of their long leasehold interest in the commercial element of The Radius – a modern mixed use retail/residential property situated in Prestwich – a popular suburb of Manchester. The investment is fully occupied by nine tenants and includes a complementary blend of convenience retail from such national operators as Superdrug, Costa and Greggs together with some independent operators from the food and beverage sector including Croma and Panama Hatty. Having received five offers, the investment was sold to a locally based Property Company – David Samuel Properties – for a price in excess of £3,600,000 to show an equivalent yield of approximately 8.9%.
We are delighted to inform you that as from Thursday 24th February 2022, Cheetham & Mortimer’s new office address will be:
Unit 7, 3 Denmark Street, Altrincham, Cheshire WA14 2SS.
Our telephone number remains the same: 0161 832 3375
We overlook the lovely Goose Green.
More photos to follow.
Letting completes to Roy Castle Foundation at 35/37 School Road, Sale. Within a 3 month period the property was purchased, refurbished and let.