Leading commercial property consultancies Legat Owen and JLL have successfully completed the sale of a high-quality, multi-let industrial investment at Road Five, Winsford, acting jointly on behalf of Pitalia Real Estate.
The estate, known as Quad, comprised 239,568 sq ft across four mid-box industrial units on a 13.29-acre site, achieving a sale price of just over £16m.
The investment has been acquired by Cube Asset Management on behalf of One Point Investments to increase the size of their portfolio.
Strategically located within the well-established Winsford Industrial Estate in Cheshire, current occupiers include Henkel UK Operations Ltd, Frank Roberts & Sons Ltd, Renray Healthcare Ltd and Clearfield Envirotech Ltd.
Two of the units were recently refurbished to a high standard and the site includes a 0.63-acre parcel of undeveloped land with future development potential, providing ongoing asset management opportunities.
Matthew Pochin, Director at Legat Owen, commented:
“This sale reflects the continued strength of the North West industrial market and investor appetite for well-located, income-producing assets.”
“Road Five presented a compelling opportunity with robust rental growth prospects and a secure income profile. We’re pleased to have achieved a successful outcome for our client, Pitalia Real Estate.”
“Ed Blood at JLL was, as always, excellent to work alongside.”
The Estate benefits from excellent connectivity, situated just five miles from Junction 18 of the M6 and 25 miles south of Manchester.
The North West industrial market continues to perform well, with mid-box unit take-up on an upward tangent underpinned by rental growth and dwindling stock levels.
