Aldi, 53-59 School Road, 2 Hereford Street, Sale
19,132 sq ft
Description
Developed in 2009 to provide 19,132 sq ft store plus twin deck car park with 107 car spaces.
Let to Aldi Stores Limited on a 20-year FRI lease expiring 19th July 2034
Secure tenant with D&B rating of 5A2
Current rent passing £441,537 p.a.
Our client is seeking offers in excess of £5,860,000 (five million, eight hundred and sixty thousand pounds) plus vat, reflecting a net initial yield of 7.07%, rising to 8% in July 2029 after purchaser’s costs of 6.62%
Let to Aldi Stores Limited on a 20-year FRI lease expiring 19th July 2034
Secure tenant with D&B rating of 5A2
Current rent passing £441,537 p.a.
Our client is seeking offers in excess of £5,860,000 (five million, eight hundred and sixty thousand pounds) plus vat, reflecting a net initial yield of 7.07%, rising to 8% in July 2029 after purchaser’s costs of 6.62%
BUILDING HIGHLIGHTS
Modern purpose built Aldi supermarket investment.
Located in an affluent south Manchester suburb.
Store of 19,132 sq ft (GIA) on a site of 0.65 acres
Freehold
