Brand Addition Limited

Brand Addition Limited, Trafford Park, Manchester

Acting on behalf of our clients Columbia Threadneedle, Metis have sold a prime modern warehouse investment located in Trafford Park, Manchester, for approximately £5.645m, reflecting a net initial yield of approximately 6%.

The asset occupies an extremely prominent position fronting Trafford Wharf Road, directly opposite MediaCity UK; The University of Salford; The Lowry Outlet Mall and the Imperial War Museum, within one of the largest industrial estates in Europe. The property comprises a modern, well configured warehouse unit and interconnected three storey headquarters office building extending to 5,289.88 sq.m (56,940 sq.ft) in total on a site of 2.84 acres (1.15 ha). The entire property is let to Brand Addition, a 3A1 Dun & Brad Street rated covenant with over 11 years remaining on the lease.

Written by Jonathan Phillips
Published: Monday, 21 November 2016 20:22