Bank, retail and ground rent investment in Altrincham town centre across two new buildings
Altrincham is an historic market town and an affluent commuter suburb of Greater Manchester, located approximately 9 miles southwest of Manchester City Centre
The property is situated on Regent Road in the heart of Altrincham town centre
Block A comprises three commercial units and demised parking on the ground floor with 36 apartments on the upper floors (sold off LLH)
Commercial units of Block A provide a total lettable floor area of 5,737 sq ft with car parking for 21 vehicles
Let to Handlesbank PLC, Bread Bin Limited and a 12-month rent, rates and service charge guarantee provided on the vacant unit, with additional income generated from the parking spaces
AWULT of 9.33 years to expiries (8.15 years to breaks) from the occupational leases.
Topped up rental income of £160,930 per annum (£24.74 psf)
Block B provides ground floor commercial units, upper floor residential accommodation and multi-storey car park, all of which have been sold off LLH
There is additional income of £18,597 per annum from ground rents of commercial units, upper floor residential accommodation and multistorey car park across both Block A and Block B
The property produces a total topped up income of £178,867 per annum from occupational leases on the commercial units of Block A, alongside ground rents from long leaseholds across both Block A and Block B
