Eric Wright acquires £2.5m Salford site
Eric Wright Group has acquired the 37,311sq ft industrial unit at Wardley Industrial Estate in Salford for £2.535m.
Purchased from Guernsey-based Jolivet Investments, 29 Shield Drive is the latest addition to the Bamber Bridge group’s property portfolio.
The site 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."
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