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Bury, Manchester BL9

SECURE INVESTMENT LET TO ICELAND WITH AN ATTRACTIVE YIELD & ONLY £40 PER SQ FT CAPITAL VALUE
Under offer
  • Secure investment let to Iceland with an attractive yield.
  • Bury is located only 8 miles north of Manchester.
  • Prominent town centre position with easy access for both pedestrians and car users.
  • Comprises a retail warehouse totalling 30,129 sq ft.
  • Freehold (site of 0.64 acres).
  • Single let to Iceland Foods Ltd until 12th March 2024 (2.9 years unexpired).
  • Rent passing of £114,000 pa / reflecting £3.78 per sq ft.
  • Iceland Foods Ltd boasts a turnover in excess of £3bn.
  • Future asset management angles plus potential for massing and / or conversion (subject to planning).
  • We are instructed to seek offers in excess of £1,195,000 (One Million, One Hundred and Ninety Five Thousand Pounds), subject to contract and exclusive of VAT.
  • Reflecting a Net Initial Yield of 9.0% (assuming purchasers’ costs of 5.9%) and a low Capital Value of £40 per sq ft.

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