ASDA Superstore Swinton Square 15 Wellington Road, Swinton Greater Manchester, M27 4BH

ASDA Superstore Swinton Square 15 Wellington Road, Swinton Greater Manchester, M27 4BH  - Manchester

For sale £28,800,000 72,913 sq ft ~Space for 675 people (est)
11 days ago. Avison Young
Full address
ASDA Superstore Swinton Square 15 Wellington Road, Swinton Greater Manchester, M27 4BH - Manchester
Contact details
Asking price
£28,800,000
Property type
Office for sale
Features
Car park, Modern, Restaurant, Train transport
Size
72,913 sq ft
Estimated space
675 people
This value is estimated based on allocating 108 sq ft per person for office space
Tenure
Freehold
NIY (%)
5.15

• 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%

This office for sale is located in Manchester

Search for all available commercial properties for sale in Manchester

Map not available

Loading...

National rail 0.2m Swinton (Manchester)
Nearest airport 18.2m Manchester

Street view not available

Loading...

Loading

Contact property agent

By submitting this form, you accept our Terms & conditions & Privacy policy Please note that Realla will send the above details to Avison Young only.

Area scores

Leisure

Retail

Transport: Bus

Transport: Car

Transport: Train

Transport: Airport

Disclaimer. Property descriptions, images and related information displayed on this page are based on marketing materials found on the website registered to Avison Young. Realla does not warrant or accept any responsibility for the accuracy or completeness of the property descriptions or related information provided here and they do not constitute property particulars. Please contact Avison Young for full details and further information.