Stamford House, a Grade II listed mixed use building that was one of the first office blocks in Altrincham, has been sold in a deal worth over £6m.
Formerly known as Station Buildings and designed in 1905 by Manchester architect Charles Heathcote, the impressive building lies on the corner of Moss Lane and Stamford New Road.
Owner Petros, which has brought the mixed-use freehold building back to life over the past decade, has sold it to the Pervaiz Naviede Family Trust.
The Pervaiz Naviede Family Trust is a group of trusts which invests in mainly property-related assets in the UK and the United Arab Emirates.
Stamford Houseis made up of two elements, the Stamford New Road Building and Moss Lane Building comprising a total of 29,513 sq ft, which provides nine retail units let to tenants including Homebird and Moss Studio. There are 24 two-bed apartments on the upper three floors.
Atlanta Chambers, a two-storey commercial building within the courtyard of Stamford House, offers further asset management potential.
Daniel Lee, director, Regional Property Solutions who acted jointly with Savills on behalf of Petros, said: “This investment sale sets a new benchmark in Altrincham as the largest mixed use investment transaction to be completed in the town centre.
“Stamford House is one of the most notable buildings in the town and we generated a great of interest in the sale and were able to achieve a successful outcome for our client.”
Freddie Guest, associate director, Savills, said: “The value of this transaction marks a milestone for Altrincham town centre. Situated in one of Manchester’s most sought after suburbs, this is a landmark building in the town and this sale is reflective of strong investor appetite for such prime mixed use assets”.
Zameero and LPC1 acted for the purchaser Pervaiz Naviede Family Trust.