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Rochdale – Freehold Retail Warehouse Investment

St Mary's Gate, Whitworth Road, Rochdale, OL12 0TY

Offers in excess of £4,180,000

Property Type:
Commercial
Sub Type:
Retail
Tenure:
Freehold
Net Initial Yield:
8.5%

Income

£378,500 pa

Description

  • Rochdale forms part of Greater Manchester, located 12 miles north east of Manchester city centre.
  • The town has an extensive catchment population and benefits from excellent accessibility, being close to the M62, M66 and A627(M).
  • Central Retail Park is situated in a strategic position, fronting the A671, close to the town centre.
  • Total area of 46,416 sq ft (4,312.2 sq m) GIA within two units, with 241 car parking spaces.
  • Fully let to Dunelm and Carpetright.
  • Attractive average weighted unexpired lease term of 4.61 years.
  • Producing a total rent of £378,500 per annum, equating to a low passing rent of £8.15 psf.
  • Freehold.
  • Offers sought in excess of £4,180,000 subject to contract and exclusive of VAT. A purchase at this level reflects a Net Initial Yield of 8.50%, allowing for standard purchaser’s costs.