Investment Summary

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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