The long leasehold interest, for the upper floors at 85 George Street, Altrincham has been sold with vacant possession by Altrincham Property Partnership to 21 Living Altrincham Ltd for £200,000.
The property, located on the town’s premier shopping street, comprises a total of 2,500 sq ft.
21 Living is planning to convert the two upper floors, comprising 1,500 sq ft, into residential accommodation.
Luke Powell, director, 21 Living, said: “This is an excellent opportunity to create two high specification apartments in the heart of this thriving town centre. We have enjoyed preparing for the renovation, selecting finishes that bring the character property back to life, and are looking forward to bringing them to the rental market later this spring.”
Daniel Lee, director, Regional Property Solutions, who acted for the vendor, said: “The upper floors of a number of properties along George Street have been converted into residential accommodation and with the Stamford Quarter regeneration project, a joint venture between Trafford Council and Bruntwood Works’, we expect this trend to continue as landlords look to maximise their investment as retail space requirements fall”.
“We continue to be instructed by the vendor, Altrincham Property Partnership, to let the vacant ground floor retail unit, formerly occupied by Hays Travel, comprising 1,000 sq ft at circa £30,000 per annum.”
Sixteen Real Estate acted for the purchaser, 21 Living Altrincham Ltd.
