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%.