Chorlton Plaza, 102 Manchester Road, Chorlton M21 9SZ

Manchester, M21 9SZ

Sold
Chorlton Plaza, 102 Manchester Road, Chorlton M21 9SZ
Price £1,535,000
Rent (pa) £120,360
Yield 7.4%

Investment Summary

  • Newly redeveloped retail parade in popular South Manchester suburb of Chorlton-cum-Hardy
  • Situated on a busy pitch alongside popular footfall drivers including Unicorn Grocery, The Oystercatcher, Barbakan Deli and Mary and Archie among others
  • Excellent mix of tenants suited to the local area providing a modern overall scheme of leisure, convenience and residential
  • Operators include Co-op Funeral Services, craft beer specialist The Epicurean, the ‘Cyclists Fighting Cancer’ charity and a highly regarded delicatessen, Lily’s
  • Letting deals were concluded during lockdown, with low overall rents psf
  • The retail parade provides a total income of £116,000 per annum (£24 psf)
  • AWULT of 11.5 years to expiry (9.6 years to breaks)
  • The schemes residential element has been sold off long leasehold, and provides a ground rent income of £4,360 per annum
  • Total rental income of £120,360 per annum
  • A total area of 4,883 sq ft across 4 units
  • Freehold
  • Offers in excess of £1,535,000
  • Attractive Net Initial Yield of 7.40%
Town Manchester
Postcode M21 9SZ
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