Freehold retail investment with development potential
Altrincham is one of the most affluent towns in Manchester
Upper floors residential development opportunity (STP)
3,206 sq ft overall
Ground floor let to Nadeem Shahid (trading as Premier)
10 year lease wef 17th October 2016, expiring 16th October 2026 (9.75 yrs unexpired)
Current rent of £20,000 per annum
5 yearly open market rental value reviews
Offers in the region of £300,000 (STC)
Attractive Net Initial Yield of 7.8%, applying £50,000 to the vacant first floor
Excellent SIPP purchase opportunity
