We have recently completed the investment sale of a retail unit on Portwood Court in Stockport to a private investor in a deal worth £890,000.
Situated adjacent to The Peel Centre and the Portwood Roundabout, the 3,189 sq ft building is leased by Pizza Hut on a 10-year lease. The deal achieved a Net Initial Yield of 8.95%.
Portwood Court comprises a total of 18,528 sq ft of retail accommodation across three units and is also home to Connection Flooring and The Carphone Warehouse.
Chris Lloyd, investment director at Glenbrook, commented: “We are pleased to have completed on this sale, especially given the current climate. The asset is robust in terms of both the covenant and its location but we took the decision to exit and reinvest our capital in new opportunities.”
Both sides were unrepresented.
A focus on Wellbeing and Connectivity @mcr_vox #glenbrook #delivery #collaboration #responsibility
Looking forward to the @propertyweek RESI awards tonight, where our @voxmcr development is nominated in the new Health and Wellbeing Initiative category. #glenbrook #delivery #collaboration #responsibility #RESIawards @allsopllp
#throwbackthursday to our Glenbrook-sponsored Mini taking part in the Rallynuts Stages through Myherin and Hafren forests earlier this month #glenbrook #delivery #collaboration #responsibility @rally_minis
In our latest blog, our Residential Director Shannon Conway discusses our commitment to Sustainable Development.
Click on the link in our bio to read more.
#glenbrook #delivery #collaboration #responsibility
Our @mcr_vox development is a finalist in the @MixInteriors #MixologyNorth21 Awards: Project of the Year - Living Interiors with @SheppardRobson 👏👏👏
Our @DuetSQuays development, in MediaCity, has scooped two awards at the @Homeviews_com Resident Choice Awards - 2021 Top 10 Developments Category Trophy and Top 20 Regional Development Award.
Well done to the Duet team at @AllsopLLP & @MoreSuperenting
Congratulations to Duet MediaCityUK by @MoreSuperenting & @AllsopLLP Letting and Management, named Top National Development under 350 units at the @Homeviews_com #BTR Resident Choice Awards. Take a look at the winner and nine other top-rated developments: https://www.homeviews.com/business/industry-blog/build-to-rent-awards-2021-top-10-national-developments-less-than-350-units/
The @waterwheelers in action last weekend in their new kits sponsored by Glenbrook #delivery #collaboration #responsibility
It's National Take a Hike Day, so we thought we'd show you some behind the scenes action from one of our less glamorous Glenbrook team walks! Can anyone guess where we were?
#glenbrook #delivery #collaboration #responsibility #takeahikeday
Behind the scenes at our Glenbrook staff photoshoot at @mcr_vox
#glenbrook #delivery #collaboration #responsibility
So much admiration for these guys in Leeds opening up about their mental health: Man's train station sign aims to change lives. #itsokaytotalk #breakthestigma
'My name is Ben and I get depressed sometimes'
Ben Ogden stands with a sign in Leeds train station and explains why it’s OK to not be OK.
www.bbc.co.uk
Located in the heart of Media City, @duetsalfordquays offers stunning waterside views and is consistently ranked amongst the Top 3 BTR developments to occupy in Manchester.
#glenbrook #delivery #collaboration #responsibility
Thank you to @Hawkins_Brown for the invite to their new office opening bash tonight. Great new offices and enjoyed the tour! #northernqtr #manchester #hiltonhouse #architecture #offices
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