Borron Street, Portwood, Stockport, SK1 2JD

Borron Street,Stockport,SK1 2JD

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£540,000 Subject to contract

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6,411 sq.ft /

595.5 sq.m

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Property Description

Detached, town centre, industrial/warehouse investment property let on an FRI lease to a single tenant Lookers Motor Group Ltd, with a site area of 1,615 sq.m (1,932 sq.yds/0.40 acre) approx

Property Features

Investment property let to Lookers Motor Group Ltd on a 10 year FRI lease (subject to an option to break in December 2027)
Passing rent of £51,000 per annum exclusive
ERV £60,000 per annum exclusive - rent review December 2027
Net Initial Yield 7.03% and reversionary yield 8.63%
Located of Junction 27 of M60 motorway
Site area 1,615 sq.m (1,932 sq.yds/0.40 acre approx.)
Manchester Airport within 15 minutes' drive
Nearby occupiers include Tesco Extra, Lookers, Guy Salmon Land Rover Jaguar, Porsche, Home Bargains, TK Maxx and Currys, Marks & Spencer Foodhall

Property Location

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