The Precinct, Readesdale Avenue, Crewe, Cheshire CW2 8QP

Convenience store anchored retail parade in Crewe, Cheshire

Crewe is a major railway and commercial town in South Cheshire, located approximately 20 miles south of Manchester and 30 miles east of Chester

Readesdale Avenue within the established and popular residential suburb of Wistaston, approximately 2 miles south-west of Crewe town centre

The property comprises a convenience store with ancillary retail parade of 4 units across the ground floor

The scheme is anchored by a convenience store which will be let to the Co-Operative Group Food Limited for a term of 15 years

Initial rent of £85,000 per annum to be reviewed five yearly in line with CPI annually compounded (1-3% cap and collar)

Additional income of £38,775 from the adjacent occupiers

69% of the rental income secured against Co-Operative Group Food Limited

Total rental income of £123,775 per annum

AWULT of 11.04 years to expiries (no breaks)

Freehold

Offers in excess of £1,710,000 (STC)

Net initial of 6.82%

Reversionary yield 8.06% (2031), 8.93% (2036)

Capital value of £202 psf