McColl's Convenience Store - Hollins Road

Oldham, OL8 3BE

Property Type Investment
Availability For Sale
Size 4218 sqft
Energy Performance Rating N/A

Substantial Convenience Store Investment. Let to McColl's Retail Group Plc for 16.5 years with no breaks.


LOCATION

Oldham forms one of the satellite towns within Greater Manchester, being situated 7 miles to the north-east of Manchester city centre. The town is a destination in its own right, in addition to being a commuter town serving the wider Greater Manchester area. The town benefits from strong road and rail links to the city and wider area, in addition to being on the Metrolink tram network. It is set to benefit from significant investment in the coming years with a proposed £60m redevelopment of Oldham town centre. The property is situated in a residential suburb 1.5 miles south of Oldham town centre. The unit is situated in a retail parade with a number of other local occupiers. The store benefits from being situated nearby a number of local schools in the area.

KEY POINTS

  • Large well located convenience store in local suburban retail parade
  • Car parking available adjacent to the store and on street
  • Property let for 16.5 years with no breaks to Martin McColl Ltd with guarantee from McColl’s Retail Group Plc
  • Total current rents reserved £30,904 pa rising to £34,121 pa on 21st August 2025
  • Fixed uplifts at 2% pa compounded throughout offering guaranteed rental growth
  • Low passing rent of only £6.16 per sq ft
  • Offers in excess of £490,000
  • Net Initial Yield of 6.36%, with a Reversionary Yield of 7.02% in 2025
The building is an end of terrace two storey corner brick building. The retail shop is arranged over the ground floor with ancillary and staff accommodation to the rear. Part of the ground floor retail element has been sublet by McColl's to a pharmacy (further information available on request). There is car parking available adjacent to the unit and on the street.
< Back to properties VIEW SHORTLIST Download Marketing Brochure Download Lease dated 21 February 2019.pdf

Viewing & Further Information

For further information, or if you would like to arrange a viewing, please contact our agents:

Michael Braier

020 7478 9112

CONTACT AGENT


Nick Sherling

020 7478 9113

CONTACT AGENT


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