SALISBURY HOUSE, GRANBY ROW, MANCHESTER

Casabel successfully acquired this property for a regular client in an off-market transaction in July 2016. Our client already owned several other buildings in the immediate vicinity and had long wished to acquire this property, which had been derelict for many years and had 'dragged the area down', negatively affecting their other assets.

After engaging for some time with the previous owner, a deal was struck and we swiftly completed the transaction in 2 weeks. Since the building was vacant, our client was able to gain planning and get on site extremely quickly, with the building due to be completed in Sept 2017, providing 97 high quality residential units, and a commercial storage and workshop area in the lower ground floor to accommodate their own growing maintenance department.

Client: Beech Holdings

Services: Acquisition

Price: £3,500,000

End GDV: £18,000,000

Size: 30,000 sq ft plus basement parking