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Retail Units 57-89 Great Portwood St 18,724 SF 100% Leased Retail Building Stockport SK1 2AS $4,269,029 ($228.00/SF) 8% Cap Rate
Investment Highlights
- 7 miles south-east of Manchester city centre
- Under 2 hour train to London Euston
- Immediately to the south of the M60 motorway
Executive Summary
Freehold interest subject to contract and exclusive of VAT
Fully let to the substantial covenants of B&M and Dreams
Attractive WAULT of 5.6 years to expiry
Total passing rent of £271,001 per annum equating to an affordable average rent of £14.69 per sq ft
Fully let to the substantial covenants of B&M and Dreams
Attractive WAULT of 5.6 years to expiry
Total passing rent of £271,001 per annum equating to an affordable average rent of £14.69 per sq ft
Property Facts
Sale Type
Investment
Property Type
Retail
Tenure
Freehold
Property Subtype
Freestanding
Building Size
18,724 SF
Building Class
B
Year Built
1995
Price
$4,269,029
Price Per SF
$228.00
Cap Rate
8%
NOI
$341,522
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.39
Lot Size
1.10 AC
Frontage
177’ on Great Portwood Street
Amenities
- Security System
- Automatic Blinds
Nearby Major Retailers
1 of 5
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Retail Units | 57-89 Great Portwood St
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