Sold

Ashton-Under-Lyne – High Yielding Unbroken Parade

37-49 Warrington Street, Ashton-Under-Lyne, OL6 7JG

Offers in excess of £2,400,000

Property Type:
Commercial
Sub Type:
Retail
Tenure:
Freehold
Net Initial Yield:
16.67%

Income

£425,545 per annum

Description

  • Prominent unbroken parade in the very heart of the popular town of Ashton-under-Lyne.
  • Located just 6.5 miles east of Manchester City Centre.
  • Very strong tenant line up including McDonald’s, Shoe Zone, Paddy Power and Tameside Council.
  • Total passing rent of £425,505 per annum.
  • McDonald’s have just signed a new 10 year lease (TOB 5th year).
  • Numerous asset management opportunities including the letting of the vacant units and potential future utilisation of the upper floors.
  • Substantial property providing 31,200 sq ft (2,900 sq m).
  • Freehold.
  • The town has seen and continues to see significant investment upwards of £100 million
  • Offers sought in excess of £2,400,000 subject to contract and VAT. A purchase at this level would reflect a Net Initial Yield of 16.67%, including rental guarantees on two units and allowing for standard purchaser’s costs of 6.36%.