CRT Property Investments Ltd has added to its portfolio of commercial properties with the acquisition of 17,388 sq ft of prime industrial space in St Helens in Merseyside.
With the support of real estate asset management company, Blue Marble Asset Management (Blue Marble), CRT Property Investments Ltd has bought Units 2 & 3 Sutton Fold, Lancots Lane, Sutton Fold, St Helens, WA9 3EX. CRT Property Investments Ltd paid below the quoting price of £995,000.
At present untenanted, Units 2 & 3 Sutton Fold are a pair of semi-detached modern industrial units occupying their own site with office accommodation, a large gated secure yard and good car parking provision on a well located industrial estate with good access to Junction 7 of the M62 and Junction 23 of the M6 motorways.
Property Investment and Development Director for CRT Property Investments Ltd, Shaun O’Brien says: “This is an excellent property which merits occupation by a single tenant and will become a strong income producing investment for us. Once again Blue Marble has assisted in the acquisition of the very highest quality property and investment opportunity.”
Tim Matthews, Chief Executive of Blue Marble Asset Management, says: “We secured this investment for our client against some competitive bidding. Although the buildings are unoccupied at present, we are already in discussion with a prospective occupier, as part of a very clear business plan to maximise the performance of this investment over the coming months and years.
“However, we are still open to offers for the tenancy and have appointed Warrington-based B8RE as letting agents.”
CRT Property Investments Ltd is a subsidiary of the Coalfields Regeneration Trust, the only organisation dedicated to supporting the coalfield communities to help themselves.
Responding to the challenge from Government to become self-financing, the property investment company will provide a return that will continue to allow the Coalfields Regeneration Trust to create programmes that meet with the diverse and complex needs of the communities throughout the UK.
With some 5.5m people living in these areas, and many falling into the 30% most deprived in the country, there is still a lot of work to be done to restore these communities to the thriving villages and towns they once were.