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Asda Manchester Rd 44,368 SF Retail Building Stockport SK4 1TN $14,417,700 ($324.96/SF) 7% Cap Rate
Investment Highlights
- Large car park
- Just 1 mile from Junction 27 and 1.2 miles from Junction 1 of the M60, part of Manchester’s orbital motorway.
- The foodstore sits immediately adjacent to Stockport Retail Park.
Executive Summary
We are instructed to seek offers in excess of £10,830,000 (Ten Million Eight Hundred and Thirty Thousand Pounds). This reflects an attractive net initial yield of 7.00% assuming standard purchaser’s costs. The running yield rises to 7.73% in 2029 and 8.53% in 2034.
Property Facts
Sale Type
Investment
Property Type
Retail
Tenure
Freehold
Property Subtype
Supermarket
Building Size
44,368 SF
Building Class
C
Year Built/Renovated
1987/2014
Price
$14,417,700
Price Per SF
$324.96
Cap Rate
7%
NOI
$1,009,239
Tenancy
Single
Building Height
2 Stories
Loading Docks
1 Exterior
Building FAR
0.43
Lot Size
2.37 AC
Parking
127 Spaces (2.37 Spaces per 1,000 SF Leased)
Frontage
283’ on Manchester Road
Amenities
- Bus Line
- Fenced Lot
- Restaurant
- Security System
- Signage
- Signalized Intersection
- Wheelchair Accessible
- Automatic Blinds
- Storage Space
- Air Conditioning
- Smoke Detector
- On-Site Security Staff
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Nearby Major Retailers
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Videos
Matterport 3D Exterior
Matterport 3D Tour
Photos
Street View
Street
Map
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Asda | Manchester Rd
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