Atlantic Street Retail Park, the home of B&Q in Broadheath, has been snapped up for £14m.
SUI Generis Investments has acquired the 80,000 sq ft scheme, which is next door to the Altrincham Retail Park.
B&Q is the only current occupier, with seven years left on its lease, but trampoline park operator Jump Xtreme has recently secured another site on the retail park, which was previously home to Dreams and Allied Carpets.
Commercial property company Cushman & Wakefield acted on behalf of Sui Generis on the deal, and the park was marketed by Savills on behalf of vendor LaSalle Investment Management.
Simon Marshall, of C&W, said: “Atlantic Street and the surrounding area has seen significant development over the past 12 months with ASDA’s new 40,000sq ft store drawing increased consumer flow past the retail park.
“Additionally, the improvements at Bridgewater Retail Park and the continued success of Altrincham Retail Park highlight the strength of this pitch as one of South Manchester’s primary retail warehouse destinations.
“Not only this, but the increased residential development along Woodfield Road underlines Atlantic Street as an important retail provision.”
