A Lancashire-based property and construction firm has acquired a large industrial unit in Salford for over £2.5m.
Eric Wright Group has completed the £2.535m acquisition of a 37,311sq ft unit at Wardley Industrial Estate in Worsley, from Guernsey-based Jolivet Investments.
The Bamber Bridge-based group said 29 Shield Drive is the latest purchase within its property portfolio - and is let until 2023 to Proline Engineering on a 10-year lease with a rental income of £130,000 per annum.
Patrick Naylor, group portfolio manager for Eric Wright, said: “Located at the heart of the region’s motorway network, Wardley Industrial Estate represents a sound investment opportunity.
"This unit is extremely well specified and there is robust demand for good quality, mid-box industrial facilities in the North West region.
"We will continue to look for prominent and well-located industrial assets to add to our commercial property portfolio which is in excess of £70m.”
The property is located on Wardley Industrial Estate, close to junction 14. Other occupiers across the estate include Amazon, Royal Mail, Howden Joinery, Wincanton, BOC, Ready Steady Store, Stax Trade Centre and Clipper Logistics.
B8 Real Estate and Lamb & Swift acted for the vendor while Neil Higson at Wildbrook CRE acted for Eric Wright.
