DTZ’s Manchester investment team, a division of UGL Limited (ASX: UGL), has been appointed to dispose of 21 units at Roundthorn Industrial Estate, Manchester.
The 210,000 sq ft industrial estate is located within the new Greater Manchester Enterprise Zone (EZ), three miles north of Manchester Airport.
Simon Lowe, Associate Director at DTZ, commented: “This is an exciting added value opportunity in a strategic location that is set to benefit from substantial public and private investment in the near term, including the Metrolink extension and Airport City.”
He added: “Leasing prospects are also enviable. We expect the combination of affordable space and the unique EZ benefits on offer to absorb occupier demand, in particular that generated by Manchester Airport.”
DTZ are seeking offers in the region of £7,400,000, reflecting an attractive net initial yield of 9.50%.