Altrincham is a strategically located affluent satellite town within Greater Manchester with per capita spending levels well above the national average
Rare opportunity to acquire substantial 0.95 acre freehold site within Altrincham town centre
Planning consent for 18 residential apartments with the potential for 2 further apartments
77% of the income secured to the substantial covenants of Travelodge, Home Bargains, Subway, Ladbrokes and Hutchison 3G
52% of income secured to Travelodge with 19.5 years unexpired with 5-yearly rent reviews to uncapped RPI
81,131 sq ft of retail and leisure space including the 91 bed hotel and 58 car parking spaces
Current gross passing rent £710,864 per annum
Seeking offers in the region of £9,250,000 (STC)
Net Initial Yield of 7.20%
