Canning O’Neill Secures Freehold Deals

| Helen Hallsworth

Commercial property consultant, Canning O’Neill, has completed on two freehold office deals.

Acting on behalf of Excalon, Canning O’Neill sold Unit 20 at Waters Edge Business Park in Salford to United Reformed Church (North Western Province) Trust Ltd for £320,000. Located on Sandpiper Court, the building comprises 2,530 sq ft with seven car parking spaces and has been bought to be the new Synod offices for the Trust in the North West.  Excalon have relocated all staff to their Duncan Street depot.

In Castlefield, Urban Splash agreed the disposal of 111/112 Timber Wharf, a 3,048 sq ft office building to an owner occupier, SG Asia Pacific, in a deal worth £590,000. The property was occupied under lease for a number of years by a digital marketing agency before they vacated in mid-March and a sale was agreed in July.

Speaking about the sales, John Nash, director at Canning O’Neill, sole agents for both schemes, commented: “Whilst we agreed the sale on Waters Edge pre-lockdown, the fact we managed to sell Timber Wharf within a few months of us putting it on the market is a huge vote of confidence for the commercial property sector.  It took a little more thought to market in the middle of a national lockdown but we aren’t ones to turn down a challenge and it is great to be ending the year on a positive note.”

United Reform Church (North West Province) Trust and SG Asia Pacific were unrepresented.