- Freehold convenience store investment
- Let to Martin McColl Limited until 2034 (no breaks)
- Fixed uplifts at 2% pa throughout
- Current rent £36,055 per annum
The town of Dukinfield is located within the Metropolitan Borough of Tameside in Greater Manchester, 6 miles east of Manchester city centre on the south bank of the River Tame. The town is located immediately to the south of Ashton-under-Lyme on the A627, 1.5 miles east of the M60 (Junction 23). The property is situated just off the main through road A627 on Astley Street where there are a number of other local occupiers.
The property comprises a large single storey detached brick building under a flat roof. The retail shop is arranged over the ground floor with large ancillary and staff accommodation to the rear. There is a large rear access for deliveries and on street parking available in front of the unit.
Please refer to legal documents
Thameside Metropolitan Borough Council (0161 342 8355) www.thameside.gov.uk
Please refer to Legal Documents
|104 Astley Street|
Ground floor sales 264.00 sq m (2,841 sq ft)
Ground floor ancillary 115.00 sq m (1,240 sq ft)
|Martin McColl Ltd||16.5 years from 18/05/2018||£36,055|
|TOTAL|| || || ||£36,055|
The measurements have been provided by the seller.
(1) The passing rent is £35,000 per annum. The vendor will top up the rent to £36,055 per annum from completion until 18th November 2019 by way of an allowance in the purchase price.
McColl’s trade from over 1,600 stores throughout the UK with approximately three quarters of those being convenience stores and the remainder trading as newsagents. Their brands include McColl’s, Martin’s and R. S. McColl. For the year ending 26th November 2017 reported a turnover of £713.391 million, a pre-tax profit of £27.168 million and shareholder’s funds of £186.239 million. The combined group has a turnover in excess of £1.1bn. It employs over 22,000 full and part-time staff and is visited by over 5 million customers every week. The company floated on the London Stock Exchange in 2014. Further information can be found at www.mccolls.co.uk/investor
EPC rating 64 Band C. A copy is available within the legal pack.
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