The Grafton Centre, George Street, Altrincham

The Grafton Centre, George Street, Altrincham

  • Altrincham is a strategically located affluent satellite town within Greater Manchester with per capita spending levels well above the national average

  • Rare opportunity to acquire substantial 0.95 acre freehold site within Altrincham town centre

  • Planning consent for 18 residential apartments with the potential for 2 further apartments

  • 77% of the income secured to the substantial covenants of Travelodge, Home Bargains, Subway, Ladbrokes and Hutchison 3G

  • 52% of income secured to Travelodge with 19.5 years unexpired with 5-yearly rent reviews to uncapped RPI

  • 81,131 sq ft of retail and leisure space including the 91 bed hotel and 58 car parking spaces

  • Current gross passing rent £710,864 per annum

  • Seeking offers in the region of £9,250,000 (STC)

  • Net Initial Yield of 7.20%

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