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DTZ Residential secures triple sale at Delph Lane, Whiston

wantspacegotspace.co.uk - DTZ Residential secures triple sale at Delph Lane, WhistonThe Residential Agency team at DTZ Manchester, has secured the sale of three properties on Delph Lane, Whiston, Merseyside on behalf of the St Helens and Knowsley Teaching Hospitals NHS Trust.

The properties comprise four vacant residential blocks providing 36 flats with a total area of 26,000 sq ft, which were formerly used as doctors / nurses accommodation, together with a 2,000 sq ft office building and a small plot of land comprising 0.25 acres.

The sale was for an undisclosed sum, with the purchaser intending to undertake full refurbishment of former doctors’ accommodation with a view to letting the flats following completion of the works.

Michal Skotny, Associate Director within DTZ’s residential team in Manchester, who acted on behalf of the NHS Trust commented: “The sale of the properties provides a capital injection to the NHS Trust, and also will see the refurbishment and bringing into use of the residential accommodation. This will provide additional residential stock to the area whilst also eliminating any anti-social behaviour associated with vacant properties.

“We had strong interest for the property, with five competitive offers submitted. The number and competitive nature of the offers submitted demonstrates that, despite challenging funding conditions, there is strong demand from developers for investments in the north west where there are asset management opportunities.”

Posted by The Editor (wantspacegotspace) on 10th December 2012 (updated 21/01/2013)

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