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Aldi & Halfords 280-284 Chester Rd 25,721 SF 100% Leased Retail Building Castle Bromwich B36 0LB $7,878,327 ($306.30/SF) 7% Cap Rate
Investment Highlights
- Excellent road communications
- Regular fast trains to London and Manchester
- Located within densely populated, affluent area
Executive Summary
Discount foodstore and retail warehouse investment for sale, well let to Aldi and Halfords
WAULT of over 5 years to expiry
The scheme produces a passing rent of £441,223 pa, reflecting a very affordable £17.15 psf overall.
The property offers short-term asset management opportunities to enhance value.
WAULT of over 5 years to expiry
The scheme produces a passing rent of £441,223 pa, reflecting a very affordable £17.15 psf overall.
The property offers short-term asset management opportunities to enhance value.
Property Facts
Sale Type
Investment
Property Type
Retail
Tenure
Freehold
Building Size
25,721 SF
Building Class
B
Year Built
1985
Price
$7,878,327
Price Per SF
$306.30
Cap Rate
7%
NOI
$551,483
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.33
Lot Size
1.77 AC
Parking
90 Spaces (3.51 Spaces per 1,000 SF Leased)
Frontage
128’ on Chester Road
Amenities
- Security System
1 1
Nearby Major Retailers
1 of 6
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Aldi & Halfords | 280-284 Chester Rd
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