Property Information
Address:
ASDA Superstore Swinton Square 15 Wellington Road, Swinton Greater Manchester, M27 4BH
, M27 4BH
Price: Property no longer available.
Size: SOA
Primary Category: Shop
All Categories:
Shop,
Property Ref/Movehut: MH612666
Property Ref/Agent: 14659
*Please use the agent ref when calling the agent directly.
Property description
Prime Foodstore Investment
ASDA Superstore Swinton Square
15 Wellington Road,
Swinton Greater Manchester, M27 4BH
Ref
14659
Category
Invest
Type
Retail, Supermarket/Foodstore
Status
Available
Price/Rent
£ 28,800,000
Size
1 - 72,913 sq ft
(0 - 6,774 sq m)
An opportunity to purchase a prime foodstore investment situated within Swinton, a residen tial suburb situa ted 4 miles North West of Manchester city centre.
A purpose built supermarket with adjoining car park developed in 2013 f or Asda’s occupation with a GIA of 72,913 sq ft t ogether with 348 cus tomer car parking spaces.
Freehold.
Secure income to Asda Stores Limited for a further 20 years, subject to 5 yearly fixed rental increases based upon 2.5% per annum uplifts.
The rent rises on the 20th December 2018 t o £1,583,971 per annum which equates to £21.72 psf.
We are instructed to request offers in excess of £28,800,000 (Twenty Eight Million, Eight Hundred Thousand Pounds)which represents a net yield of 5.15% net of purchaser's costs of 6.76%, subject to contract and exclusive of VAT.
Assuming the fixed rental increases based upon the above price this offers the following yield profile.
2Oth December 2023 - 5.83%
2Oth December 2028 - 6.59%
2Oth December 2033 - 7.46%
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