Council buys warehouse for £10million
Date published: 09 February 2018
Stakehill Industrial Estate
Rochdale Borough Council has paid £10million to purchase a warehouse.
The newly refurbished distribution warehouse on Stakehill Industrial Estate is let to Footasylum on a 10-year lease.
The acquisition is part of a new strategy to acquire properties to generate rental income for the council.
It comes after the Council spent £8.1 million on buying the premises of Marks and Spencer (Yorkshire Street) and Mecca Bingo (Smith Street).
The purchase of the M&S premises cost £4.5 million, whilst Mecca Bingo cost £3.6 million.
In March 2017, councillors approved up to £30m of borrowing from the government on a fixed rate loan to pay for the acquisition of properties.
Do you have a story for us?
Let us know by emailing news@rochdaleonline.co.uk
All contact will be treated in confidence.
Most Viewed News Stories
- 1Royton haulage firm fined after Rochdale dad went to work and didn’t come home
- 2Rochdale church to host Camerados public living room
- 3Unique colour and sound experience comes to Rochdale in May
- 4Suspended council candidate was ‘politically naive’ for appearing in George Galloway video, leader...
- 5Community support needed for funding bid to repair viaduct on East Lancashire Railway route
To contact the Rochdale Online news desk, email news@rochdaleonline.co.uk or visit our news submission page.
To get the latest news on your desktop or mobile, follow Rochdale Online on Twitter and Facebook.