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Stanley Green Trading Estate in Cheadle Hulme has been sold to Altrincham-based Patrick Properties, changing hands for the second in two years.
Stanley Green Trading Estate comprises 14 units, totalling 150,000 sq ft on a 0.5 acre site off the A34, next to the retail park of the same name. Occupiers including Screwfix, Toolstation and Topps Tiles.
Investors, Schroder Real Estate Investment Trust, acquired the site in December 2020 for £17.25 million, with historic planning consent already in place for a further 48,000 sq ft of warehouse and trade counter space to be added.
John Burrows of B8 Real Estate, who represented Patrick Properties in the purchase, said:
“The estate is situated in one of the premier trade locations in the North West and offers numerous asset management opportunities, including an immediate lease renewal, significant reversion and medium-term redevelopment potential across a prominent 0.5-acre site.”
Jordan Kennedy of Patrick Properties added:
“It is rare to secure such prime real estate in such an established location. We look forward to working with our new tenants, and the future opportunities this site will bring.”
The vendor was represented by Richard Smith of Fifield Glyn. The sale price of Stanley Green Trading Estate was not disclosed.