NABEEL CHOWDERY, whose Property Route business - now in receivership - grew rapidly over the last three years, says that despite the recession the leafy southern suburbs of Altricham, Hale and Bowdon still offer plenty of money-making prospects.

PRGA - called Property Route until January 15, of which Mr Chowdery was a director until June last year - was placed in receivership in respect of five properties in Victoria Park, Handforth and Old Trafford, after action by lenders Barclays. The company was formed in 1994. It is understood that PRGA director Matthew Billington is in talks with lenders.

Mr Chowdery has since set up Property Route (Manchester), and Denzel Lodge in Bowdon has been sold to LaBWare for £1.2m.

LabWare remains in part of neighbouring Denzell House, while the remaining 2,207 sq.ft has been let to Maxbox.

"When there is more than 100,000 sq ft of empty office space in the Altrincham area, it's a sign that we are getting things right that we can let and sell as we have done in Bowdon," said Mr Chowdery. Tweet