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AGENT'S DETAILS


15.5yr McColls, Manchester - £750k, 6.2% Gross

For sale: £750,000.00|5000 Sq Ft|Retail, Healthcare, Other Property Types & Opportunities

PROPERTY DETAILS

FOR SALE£750,000.00
SIZE5000 Sq Ft
ADDRESS McColl’s, 183/187 Victoria Avenue, Manchester, M9 0RB
TYPERetail, Healthcare, Other Property Types & Opportunities
TENUREFor Sale Freehold
POSTED ON22nd March 2021

DESCRIPTION

- Virtual Freehold (999 year lease) single storey detached corner building
- Total unit size is 5,002 sq. ft.
- Whole building let on brand new 16.5 yr. lease to Martin McColl Ltd with guarantee from McColl’s Retail Group PLC
- Part sublet to Well Pharmacy (Sublease rent is £18,400)
- Let at initial rental of £46,357
- Fixed rental increases of 2% per annum compounded, increases as follows: £51,182 – August 2025; £56,509 – August 2030
- Located in a residential surburb under 5 miles north of Manchester City Centre
- VAT applicable (TOGC is available)

LOCATION

Location: McColl’s, 183/187 Victoria Avenue, Manchester, M9 0RB

Kearsley (1.3 miles)

Mills Hill (2.2 miles)

Moston (2.3 miles)

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