icons_size_white icons_size

Bridgewater Point, Ordsall Lane, Salford, M5 4UB

For sale: £500,000.00|2777 Sq Ft|Retail - High Street, Other, Retail, Other Property Types & Opportunities

PROPERTY DETAILS

FOR SALE£500,000.00
SIZE2777 Sq Ft
ADDRESSBridgewater Point, Ordsall Lane, Salford, M5 4UB
TYPERetail - High Street, Other, Retail, Other Property Types & Opportunities
TENUREBusiness for sale, Development Opportunity, Investment Opportunity, Under Offer, For Sale Freehold
POSTED ON3rd December 2019

DESCRIPTION

The property will comprise a self-contained ground floor retail unit within a new apartment block of 220 residential units.

The unit is currently being fit out to the Co-operative Group Food Limited's corporate style and will provide their convenience store.

TENANCY

The property is let to Co-operative Group Food Limited (CRN 26715R) for a term of 15 years from 31st July 2019 and expiring 30th July 2034.

The passing rent is £40,000 per annum and is subject to 5 yearly reviews in line with CPI compounded annually with a cap and collar of 3% and 1% respectively. The tenant has a 6-month rent free from the start of the term and benefits from an option to break on the fifth and tenth anniversaries of the term.

( Agency Pilot Software Ref: 865 )

LOCATION

Location: Bridgewater Point, Ordsall Lane, Salford, M5 4UB

Deansgate (0.7 miles)

Salford Central (0.8 miles)

Salford Crescent (1.0 miles)

AGENT'S DETAILS

close
What do you think of our website?
Complete our survey and
you could win £1000
Start here