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Retail Units 57-89 Great Portwood St 18,724 sq ft 100% Let Retail Property Stockport SK1 2AS £3,180,000 (£169.84/sq ft) 8% Net Initial Yield
Investment Highlights
- 7 miles south-east of Manchester city centre
- Under 2 hour train to London Euston
- Immediately to the south of the M60 motorway
Executive Summary
Freehold interest subject to contract and exclusive of VAT
Fully let to the substantial covenants of B&M and Dreams
Attractive WAULT of 5.6 years to expiry
Total passing rent of £271,001 per annum equating to an affordable average rent of £14.69 per sq ft
Fully let to the substantial covenants of B&M and Dreams
Attractive WAULT of 5.6 years to expiry
Total passing rent of £271,001 per annum equating to an affordable average rent of £14.69 per sq ft
Property Facts
Sale Type
Investment
Property Type
Retail
Tenure
Freehold
Property Subtype
Standalone
Property Size
18,724 sq ft
Costar Property Class
B
Year Built
1995
Price
£3,180,000
Price per sq ft
£169.84
Yield
8%
NOI
£254,400
Occupancy Rate
100%
Tenancy
Multiple
Number of Floors
1
Plot ratio
0.39
Total Plot Size
1.10 ac
Frontage
177 ft on Great Portwood Street
Amenities
- Security System
- Roller Shutters
Nearby Major Retailers
1 of 5
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Retail Units | 57-89 Great Portwood St
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