Basic Facts
Property ID:
4573
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Post Updated:
2020-11-27 12:13:16
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Status:
Acquired
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Type:
Supermarket
|
Tenure:
Freehold
|
Gross Rent:
£ 27,000
|
Lease Term:
16.5 years from April 2016
|
VAT applicable:
No
|
Property Description
- Freehold, blue-chip convenience store and residential investment
- Detached property comprising a well-configured convenience store with a 2-bed flat above
- Currently trading as a McColl’s Convenice Store with Post Office
- Large site with 12 car parking spaces
Location Description
- Hindley Green is a village in the Metropolitan Borough of Wigan in Greater Manchester
- The property is on the busy Atherton Road in a densely-populated residential area
- There is also rear pedestrian access to the property from the housing behind it
- There are two large industrial estates and a primary school within 1 mile
Additional Notes
- Entire property let to Martin McColl Ltd for 16.5 years from 04/04/2016 for £27k p.a.
- Fixed 5 yearly increases of 2% p.a. compounded
- The first review is in October 2017
- We understand the flat is sublet for ca. 4.5k p.a.
Features
Blue-chip tenant
Customer car parking
Finance available
Freehold
Large plot
Lease term > 15 years
Minimum Rental Uplifts
No Break clauses
No VAT applicable
Residential element
Under £500k