Manchester Road, Bolton, Lancashire BL2 1HE

Manchester Road, Bolton, Lancashire BL2 1HE

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  • Single let retail warehouse investment opportunity

  • Prominently situated on Manchester Road, opposite Burnden Retail Park and close to Manchester Road Retail Park

  • Total gross internal area of 14,990 sq ft (1,392.6 sq m)

  • Site area of 1.30 acres

  • Let to Halfords Limited (D&B 5A1 - £766m net worth)

  • 40 year FRI lease commencing 18th November 1988, expiring 17th November 2028 (c. 9.25 years unexpired)

  • Tenant only break on 18th November 2023 (c. 4.25 years unexpired)

  • Current rent of £172,431 per annum (£11.50 psf)

  • Freehold

  • Rent reviewed in November 2023 to the lesser of OMRV or 2.5% per annum compounded

  • Offers in excess of £1,910,000 (STC)

  • Net Initial Yield of 8.5%, and a low capital value of just £127 psf

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