Investment Summary

Love Thy Neighbour, 516 Wilbraham Road, Chorlton-Cum-Hardy, Manchester M21 9AW

  • Rare freehold leisure opportunity in an affluent Manchester suburb
  • Chorlton is a popular residential and commercial location south of Manchester
  • 1,060 sq ft ground floor sales area and 305 sq ft basement storage
  • The upper floors are sold off on a Long Leasehold basis for a term of 125 years from 2nd March 2015
  • The initial ground rent of £100 per annum rises by £50 each subsequent 25 years with the next increase in March 2040.
  • Ground and Basement let to Charcuterie Limited (trading as Love Thy Neighbour)
  • 15-year FRI lease from 23rd March 2015, expiring 22nd March 2030 (12 years unexpired)
  • Current rent of £24,000 per annum (£22.64 psf)
  • 5 yearly upward only open market rental value reviews
  • Offers in excess of £360,000 (STC)
  • Attractive Net Initial Yield of 6.46%

 

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