Industrial & Logistics

Jewsons, Cheadle Hulme

Unit 1 Earl Road Cheadle Hulme, United Kingdom SK8 6PT
Asking Price
Area Size
NOI Net Operating Income N/A
NIY N/A
Asking Price
Area Size
NOI Net Operating Income N/A
NIY N/A

Documents

I accept the confidentiality agreement
Create an account on the Investor Center to save your search and investment preferences, save and share opportunities, access exclusive documents, and more. More questions? Visit our FAQ. Approval for Deal Room access requires review by our Broker Team. You will be notified by email once your access is granted. More questions? Visit our FAQ. You'll need to sign a Confidentiality Agreement (CA) to access exclusive documents in the Deal Room. Signing the CA means you agree not to divulge or release sensitive information related to this property. More questions? Visit our FAQ.
I accept the confidentiality agreement I accept the confidentiality agreement
Create an account on the Investor Center to save your search and investment preferences, save and share opportunities, access exclusive documents, and more. More questions? Visit our FAQ. You'll need to sign a Confidentiality Agreement (CA) to access exclusive documents in the Deal Room. Signing the CA means you agree not to divulge or release sensitive information related to this property. More questions? Visit our FAQ.

Attributes

Property Reference Number 100012789500
Building Area Gross

Asset Description

Established Trade Counter Investment Opportunity

Investment Highlights

  • Prime South Manchester location.
  • Established trade counter and retail warehouse location, situated 8 miles south of Manchester City Centre.
  • Trade Counter premises, comprising approximately 11,353 sq ft (1,055 sq m).
  • Site area of approximately 1.64 acres, providing a very low site density of c.16%.
  • Let on an reversionary lease to Saint-Gobain Building Distribution Ltd.
  • Jewson, a wholly owned subsidiary of Saint-Gobain Building Distribution Ltd, has been in occupation for 36 years.
  • Lease expiring on 28 September 2030.
  • Total current passing rent of £75,000 per annum, equating to a low overall rent of £6.61 psf.
  • Upwards only rent review on 29 September 2025, to the higher of OMV or RPI (1-3%).
  • Excellent future refurbishment or redevelopment possibilities.
  • Freehold.
  • We are instructed to seek offers in excess of £1,133,000 (One Million, One Hundred and Thirty Three Thousand Pounds) subject to contract and exclusive of VAT.
  • A purchase at this level reflects an initial yield of 6.25% after the deduction of purchaser’s costs of 5.87%.
  • Low capital value of £100 psf or £690,000 per acre.
Last Updated Date: 20 Oct 2021

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Last Updated Date: 20 Oct 2021

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