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Didsbury – Fully Let Retail & Leisure Parade Investment with Unexpired Lease Term of 12.1 Years, 15.7 Years to Expiry

651-653B Wilmslow Road, Didsbury, Manchester, M20 6QZ

Offers in excess of £5,500,000

Property Type:
Commercial
Sub Types:
Retail, Leisure
Tenure:
Freehold
Net Initial Yield:
7.2105

Description

  • Didsbury is an affluent and highly desirable suburb of Manchester
  • Popular retail and leisure parade in the heart of Didsbury Village
  • Fully let to 5 tenants including a mix of national and independent operators benefiting from a diverse income stream
  • Tesco and Stonegate Pub Company t/a Slug and Lettuce have been in occupation since 1998
  • Attractive AWULT of 12.1 years to break, 15.7 years to expiry
  • Total passing rent of £422,750 per annum reflecting £25 psf
  • Total floor area of 16,977 sq ft arranged over ground and first floor
  • Freehold
  • Car parking to the rear of the site let on a management agreement, terminable by either party on 3 months’ notice
  • Total site area of 1.04 acres
  • Strong residential values, potential to convert the upper parts subject to planning