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Aldi & Halfords 280-284 Chester Rd 25,721 sq ft 100% Let Retail Property Castle Bromwich B36 0LB £5,900,000 (£229.38/sq ft) 7% Net Initial Yield
Investment Highlights
- Excellent road communications
- Regular fast trains to London and Manchester
- Located within densely populated, affluent area
Executive Summary
Discount foodstore and retail warehouse investment for sale, well let to Aldi and Halfords
WAULT of over 5 years to expiry
The scheme produces a passing rent of £441,223 pa, reflecting a very affordable £17.15 psf overall.
The property offers short-term asset management opportunities to enhance value.
WAULT of over 5 years to expiry
The scheme produces a passing rent of £441,223 pa, reflecting a very affordable £17.15 psf overall.
The property offers short-term asset management opportunities to enhance value.
Property Facts
Sale Type
Investment
Property Type
Retail
Tenure
Freehold
Property Size
25,721 sq ft
Costar Property Class
B
Year Built
1985
Price
£5,900,000
Price per sq ft
£229.38
Yield
7%
NOI
£413,000
Occupancy Rate
100%
Tenancy
Multiple
Number of Floors
1
Plot ratio
0.33
Total Plot Size
1.77 ac
Parking
90 Spaces (3.51 Spaces per 1,000 sq ft Leased)
Frontage
128 ft on Chester Road
Amenities
- Security System
1 1
Nearby Major Retailers
1 of 6
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Aldi & Halfords | 280-284 Chester Rd
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