Manchester, a pivotal industrial and commercial hub in the UK, is highly attractive for businesses and investors seeking industrial properties. With a variety of industrial units available, from warehouses and distribution centers to light manufacturing facilities, Manchester offers opportunities for buyers looking to expand operations or invest in prime industrial real estate. Here’s everything you need to know about purchasing industrial units in Manchester, including top locations, average prices, and how Fraser Bond can support your investment.
Manchester’s strategic location, excellent transport infrastructure, and business-friendly environment make it a prime area for industrial real estate investment. Key benefits include:
Manchester’s industrial market offers a diverse range of properties to suit different operational needs:
Warehouses: Ideal for businesses requiring substantial storage capacity, these properties are typically situated near major transportation hubs, facilitating efficient distribution and logistics operations.
Distribution Centers: Larger than standard warehouses, distribution centers are designed for quick and efficient handling of high volumes of goods, making them suitable for e-commerce and large logistics firms.
Manufacturing Facilities: For businesses in heavy or light manufacturing, Manchester offers industrial spaces with the necessary infrastructure, including power supply and high ceilings.
Multi-purpose Industrial Units: These flexible units are suitable for various business activities, such as light manufacturing, storage, and office space, catering to businesses with hybrid operational needs.
Research and Development (R&D) Facilities: Specially designed for product development and testing, R&D facilities are ideal for high-tech businesses looking to innovate in a dynamic environment.
Manchester’s industrial real estate market is concentrated in several key areas, each offering unique advantages:
Trafford Park: One of the largest industrial parks in Europe, Trafford Park is highly attractive for logistics and warehousing due to its proximity to the M60 motorway, the Manchester Ship Canal, and central Manchester. Property prices here are competitive for the connectivity offered.
East Manchester (Ashton-under-Lyne, Audenshaw): Known for its affordable industrial spaces, East Manchester attracts businesses seeking easy access to both Manchester and surrounding towns. It’s ideal for manufacturing, light industry, and warehousing.
Airport City and South Manchester: Industrial properties near Manchester Airport are ideal for businesses needing international connectivity. The area is popular among logistics companies and high-value manufacturing sectors.
Cheetham Hill and North Manchester: These areas provide affordable industrial options with good access to central Manchester and the M60 ring road, suitable for small-to-medium-sized enterprises and light industry.
Middleton and Rochdale: Located in North Greater Manchester, these towns offer affordable industrial units with excellent motorway access, making them attractive for businesses on a budget.
Industrial unit prices in Manchester vary based on location, property size, and the property’s condition or specifications. Below is a general overview of average prices for industrial properties in Manchester:
Small Industrial Units (up to 5,000 sq. ft.): Typically, these units range from £150,000 to £500,000, with pricing influenced by the specific location and amenities.
Medium-sized Warehouses and Units (5,000 - 15,000 sq. ft.): Prices for these units often range from £500,000 to £1.5 million.
Large Warehouses and Distribution Centers (15,000+ sq. ft.): For larger properties, prices generally start at £1 million and can exceed £5 million, especially in highly desirable locations like Trafford Park or Airport City.
These figures are only averages, and prices can fluctuate depending on property features, lease terms, and local demand.
When purchasing an industrial unit, it’s important to assess several factors to ensure that the property aligns with both your business operations and investment goals:
Location and Accessibility: Proximity to major motorways, railway stations, and airports can be a significant factor in ensuring smooth business operations, especially for logistics.
Infrastructure and Facilities: Consider any specific requirements, such as loading docks, high ceilings, power supply, temperature control, or reinforced floors for heavy machinery.
Zoning and Planning Permissions: Verify that the property is zoned for your intended use. Some industrial properties may have specific restrictions, so confirm that your business activities comply with local regulations.
Future Expansion Potential: Evaluate whether the property can accommodate future growth, particularly if your business requires additional space for expansion.
Investment Value and Resale Potential: If purchasing the unit as an investment, consider the demand for industrial space in the area, the potential for rental income, and long-term value appreciation.
Buying industrial property is a significant investment, and the process requires expertise in property evaluations, market trends, and transaction management. Fraser Bond provides a comprehensive range of services to guide you through the process:
Property Search and Evaluation: Our team conducts an in-depth search and analysis of available properties in Manchester, focusing on those that meet your operational needs and budget.
Market Insights and Investment Analysis: Fraser Bond offers up-to-date insights on the Manchester industrial property market, helping clients understand the best areas for investment and growth potential.
Due Diligence and Negotiation: We assist clients with property evaluations, due diligence, and negotiating terms, ensuring a smooth transaction process.
Property Management Services: For clients who plan to lease their industrial property, Fraser Bond provides property management services to handle tenant relations, maintenance, and compliance with local regulations.
1. Can I lease an industrial property after purchasing it?
Yes, purchasing an industrial unit and leasing it out can be an excellent investment strategy. Fraser Bond can assist with tenant sourcing and property management if you decide to lease your unit.
2. How long does the buying process typically take for an industrial unit?
The timeline can vary depending on due diligence requirements and financing, but the process generally takes between 1-3 months for standard transactions.
3. Are there tax advantages to owning industrial property?
Yes, property ownership offers potential tax benefits, including deductions for operational expenses, depreciation, and capital allowances for property improvements. Consult a tax professional for specific guidance.
4. What additional costs should I consider when buying industrial property?
Additional costs may include stamp duty, legal fees, survey costs, and maintenance expenses. It’s essential to factor these into your budget.
Manchester’s industrial property market offers compelling opportunities for businesses and investors alike. With its strategic location, robust infrastructure, and competitive prices, the city remains a popular choice for industrial real estate. Whether you’re looking for a warehouse, manufacturing facility, or distribution center, Fraser Bond’s expert team can guide you through the buying process, ensuring that you secure the best property for your needs. Contact us today to begin your search for industrial units for sale in Manchester.
