Investment Summary

Units A-D, 136 Turves Road, Cheadle Hulme, Manchester SK8 6AW

  • Opportunity to acquire a modern fully let retail parade
  • Highly prominent building on a busy road in an affluent residential suburb
  • 5,329 sq ft split into 3 units with on road layby herringbone car parking and a rear servicing yard
  • Let to national tenants including Co-Operative Group Food Limited, Domino's and one established local tenant
  • Total passing rent of £71,000 per annum
  • Low average rent of just £13.32 psf
  • 88% of the income secured against 5A1 covenants
  • Freehold
  • Average weighted unexpired lease term in excess of 11.7 years (9.6 years to expiry)
  • Offers in excess of £1,075,000 (Subject to Contract)
  • 6.24% Net Initial Yield / £202 psf Capital Value
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