Investment Summary

24-26 Railway Street, Altrincham, WA14 2RE

  • Freehold retail investment with development potential
  • Altrincham is one of the most affluent towns in Manchester
  • Upper floors residential development opportunity (STP)
  • 3,206 sq ft overall
  • Ground floor let to Nadeem Shahid (trading as Premier)
  • 10 year lease wef 17th October 2016, expiring 16th October 2026 (9.75 yrs unexpired)
  • Current rent of £20,000 per annum
  • 5 yearly open market rental value reviews
  • Offers in the region of £300,000 (STC)
  • Attractive Net Initial Yield of 7.8%, applying £50,000 to the vacant first floor
  • Excellent SIPP purchase opportunity
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