Moorfields successfully secure sale of property worth over £6 Million

Property insolvency specialists Moorfields Corporate Recovery Ltd have successfully completed the sale of 1 Henry Square, Ashton-under-Lyne, Manchester for the asking price of £6,350,000.

The high specification three storey building was constructed in 2006 and formed part of the first phase of the St Petersfield regeneration scheme in Ashton town centre. The wider development will ultimately consist of 400,000 sq ft. of offices, shops restaurants and apartments. 

The property extends to approximately 49,000 sq ft. of which the purchaser currently occupies over 36,000 sq ft. In total 93% of space is currently let to three tenants, with the new owner likely to take the remaining 3,337 sq ft to take occupancy levels to 100%. 

Simon Thomas, Joint Administrator said: ‘We are delighted to have concluded this sale and achieved close to the asking price which will ensure a distribution to unsecured creditors.”

If you require any further information, please contact Moorfields Corporate Recovery Ltd by email tanderson@moorfieldscr.com or call 0207 186 1144.

 

For media enquiries, please contact:
Katie Smith
Tel: +44 (0) 20 7186 1143
Email: ksmith@moorfieldscr.com

 

About Moorfields

Moorfields is one of the UK's leading independent firms of restructuring and insolvency specialists. Our highly skilled teams include restructuring professionals and licensed insolvency practitioners who provide leadership, experience and high quality advice to companies and their stakeholders in financially distressed situations

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