Log In/Sign up
Your email has been sent.
Asda Manchester Rd 44,368 sq ft Retail Property Stockport SK4 1TN £10,830,000 (£244.09/sq ft) 7% Net Initial Yield
Investment Highlights
- Large car park
- Just 1 mile from Junction 27 and 1.2 miles from Junction 1 of the M60, part of Manchester’s orbital motorway.
- The foodstore sits immediately adjacent to Stockport Retail Park.
Executive Summary
We are instructed to seek offers in excess of £10,830,000 (Ten Million Eight Hundred and Thirty Thousand Pounds). This reflects an attractive net initial yield of 7.00% assuming standard purchaser’s costs. The running yield rises to 7.73% in 2029 and 8.53% in 2034.
Property Facts
Sale Type
Investment
Property Type
Retail
Tenure
Freehold
Property Subtype
Supermarket
Property Size
44,368 sq ft
Costar Property Class
C
Year Built/Renovated
1987/2014
Price
£10,830,000
Price per sq ft
£244.09
Yield
7%
NOI
£758,100
Tenancy
Single
Number of Floors
2
Loading Docks
1 Exterior
Plot ratio
0.43
Total Plot Size
2.37 ac
Parking
127 Spaces (2.37 Spaces per 1,000 sq ft Leased)
Frontage
283 ft on Manchester Road
Amenities
- Bus Route
- Fenced Lot
- Restaurant
- Security System
- Signage
- Signalised Intersection
- Wheelchair Accessible
- Roller Shutters
- Storage Space
- Air Conditioning
- Smoke Detector
- On-Site Security Staff
1 1
Nearby Major Retailers
1 of 3
Videos
Matterport 3D Exterior
Matterport 3D Tour
Photos
Street View
Street
Map
1 of 1
Presented by
Asda | Manchester Rd
Already a member? Log In
Hmm, there seems to have been an error sending your message. Please try again.
Thanks! Your message was sent.
Your message has been sent!
Activate your LoopNet account now to track properties, get real-time alerts, save time on future inquiries, and more.