Glenbrook Investments has completed the investment sale of No. 1 Dock Road in Wallasey to a regional private investor at the asking price of £895,000. The deal completed two months after Organica signed up to the 22,505 sq ft unit on a 6.5-year lease.
Glenbrook acquired the property in June last year and, following extensive refurbishment, let the property to Organica, which supplies biodegradable and non-hazardous cleaning products, in a deal which saw the tenant consolidate its operations.
Richard Rees, Investment Director at Glenbrook, commented: “Having successfully let the 22,500 sq ft unit during lockdown, we have completed the disposal of the investment within a 14-month cycle.”
“This was a challenging refurbishment project completed on time and on budget but into the maelstrom of Covid-19. The project therefore demonstrates the demand for well refurbished space that is available for prospective tenants to move into straight away and also the requirement for higher yielding industrial investments at a time when income is harder to find.”
The property is situated on a 1.09 acre site in the Seacombe area of Wallasey on Dock Road (A5139), which connects Birkenhead town centre to Junction 1 of the M53 motorway. The Wirral Waters Development and the East Float Dock runs parallel to Dock Road.
Glenbrook and the purchaser were unrepresented.
🗞️ Last week our Senior Development Manager Daniel Roberts attended the @benetworking West Yorkshire Development Conference.
This year's conference focused on creating a resilient housing proposition across West Yorkshire, and Daniel spoke of our BtR plans for the region.
The 2022 @Homeviews_com BTR report is out and we're thrilled to see that our schemes, @DuetSQuays and @mcr_vox, have come first and second in the UK's top 10 best BTR developments, rated for design.
🔗 Download the report here: https://lnkd.in/eUmTjB4C #BTRNews #BTR
Over £1m is being spent upgrading one of Leeds city centre’s most revered properties.
The stunning 31,400 sq ft Albion Court, on the corner of Albion Place and Lands Lane, was purchased by Glenbrook Investments in September last year.
🔗 Read more: https://buff.ly/39nqMjN
The UK BTR sector recorded a total of £650m of investment in the first quarter of 2022, according to figures from @CBRE.
Our Residential Director, Shannon Conway, joined the @insidernwest Built-to-Rent roundtable. Read what Shannon had to say here: https://bit.ly/3NAae6G
It’s been a pleasure to host the @wipnorthwest student awards @hellostok - our newly completed workspace scheme in #Stockport. We hope you enjoyed the evening!
Well done to all students who were nominated, a fantastic achievement and honour
A huge thank you to our annual student award sponsors @jmwsolicitors, @TGLPEARSON & to our hosts @Glenbrookprop - your support is very much appreciated.
🗞 We’re delighted to announce the official practical completion of @hellostok, 62,000 sq ft of workspace within Stockport’s former M&S building.
🔗 Read more via @PlaceNorthWest https://bit.ly/3Qlfi0u
🗞️ ICYMI: Back in April we submitted a new detailed planning application to Leeds City Council for a 618 apartment build to rent scheme on the banks of the River Aire.
🔗 Read more here: https://bit.ly/3xjwyMO
🗞️ ICYMI: We submitted a detailed planning application to
@leedscc_news as part of a joint venture with @tcs_plc for the £280m full masterplan for the development of Whitehall Riverside in Leeds City Centre.
🔗 Read more about the proposals: https://bit.ly/3yfFlQ9
We're proud to sponsor and support the 2022 Mini Rally Challenge!
📸 IG: Jack Morris
We’re excited to be hosting the @wipnorthwest NW Student Awards @hellostok in June.👇🏼👩🎓
Our NW Student Awards is getting closer which would not be possible without the continued support of our annual Student Award sponsors @jmwsolicitors (@TGLPEARSON) & our hosts @Glenbrookprop 👩🎓
We will be sharing videos of our finalists in the coming weeks, grab your tickets now
Earlier this week, our Residential Director @ShannonConway99 and Development Manager Dan Symonds attended @UKREiiF
It was great to hear from senior figures at Local Authorities, speaking with passion about a range of very exciting investment and regeneration opportunities.
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