Stakehill Industrial Estate up for sale for £44million

Stakehill Industrial Estate in Middleton

Stakehill Industrial Estate in Middleton has been put up for sale at an asking price of £44,250,000.

CEG acquired the 680,000 sq ft warehouse/distribution on behalf of investors in 2012 and its ownership represents one of the largest industrial parks in the North West.

Paul Richardson, CEG Investment Manager for the North, said: “When Stakehill was acquired five years ago, we were attracted by the 100% prime location and also the potential of the modern buildings. Together with the Council and Rochdale Development Agency, we have repositioned Stakehill into the successful and vibrant institutional quality investment that it now is. The estate now has enormous potential for rental performance as a result of the rental values that have been established.”

WHR Property Consultants LLP and Savills have been retained as the joint agents.

Dan Crossley, Partner at WHR Property Consultants, says: “Now that Stakehill has been successfully repositioned, it is now firmly established as one of the North West’s premier industrial locations alongside Trafford Park but is arguably more attractive due to its lower-cost advantage. Due to the quality of the accommodation at Stakehill and the almost non-existent supply of alternatives, the estate offers unrivalled potential for future rental growth.”