Following their recent merger, MD Nigel Blyth (L) and Director David Buckley (R) share Fairhurst Buckley’s insights into Stockport’s burgeoning property market.
As Stockport continues to deliver on its £1 billion plan of regeneration and development, the town is seeing a considerable groundswell of activity catching the eye of both investors and new businesses who are showing an increased interest in Stockport’s commercial property sector.
The launch of the Stockport Mayoral Development Corporation (MDC), redevelopment projects within the town centre, repurposing of retail units and improved infrastructure in the area mean there’s never been a better time to invest in or move to Stockport.
Having been based in Stockport town centre for many years (53 years between us!), we have seen a lot of positive change happen in the town. This next phase of residential development and regeneration of the Town Centre West area will transform it even further. The social infrastructure needed to support the growing residential and business population means we can expect the commercial property market to remain buoyant in Stockport.
Our insights into Stockport
A recent analysis of our database shows over 800 live enquiries looking for commercial investment in the Stockport area.
There are over 237 investment requirements, over 100 of which are looking for residential conversion or development opportunities, with the rest looking for income producing commercial investments or buy-to-let properties.
Our figures show that we have 155 companies and individuals looking for retail space in Stockport and a further 87 enquiries looking for premises for restaurants, takeaways and bars.
Industrial enquiries remain buoyant, comprising over 13% of the mailing list.
We are also seeing a huge growth in the level of enquiries of a more diverse nature, offering services around education, beauty and wellbeing, performing arts, gyms and fitness, social enterprises and clinics. These make up another 15% of enquiries and are often looking to repurpose existing space.
The future for Stockport property
In February and March, this year alone, we sold over £2.5 million worth of property in Stockport, and concluded several lettings in addition. The future for Stockport is more than just creating a viable alternative to Manchester, it is about creating a unique and ownable brand that is Stockport – a place where people want to live, work and visit: a town with a diverse offer and a clear ambition for the future.
We now need to keep the momentum going, and all work together to keep all areas of the town occupied, vibrant and at their best.