McColl's Convenience Store

Warrington, WA5 1NF

Property Type Investment
Availability For Sale
Size 3959 sqft
Energy Performance Rating This property has been graded as D 84

Large Freehold Convenience Store Investment. Let to Martin McColl Ltd on a long lease with fixed uplifts.


LOCATION

Warrington is strategically located in the county of Cheshire, 18 miles south-west of Manchester and 20 miles east of Liverpool. The town enjoys excellent motorway links to the M62 Motorway, the M6 Motorway via Junction 21A, and the M56 Motorway via Junction 10. The property is located in a residential suburb ½ mile to the west of Warrington town centre. The premises are situated on the corner of Lovely Lane at the junction with A57 which links to junction 7 of the M62 Motorway. Nearby is Warrington Bank Quay Railway Station and Warrington Hospital. Occupiers in the nearby vicinity include a number of local traders.

KEY POINTS

  • Prominently located convenience store
  • Good car parking available on the street or behind the store on Whitecross Road
  • Let for 16.5 years to the excellent covenant Martin McColl Limited with just under 11 years unexpired
  • Fixed uplifts at 2% per annum compounded throughout offering guaranteed rental growth
  • Passing rent £23,885 pa
  • Low passing rent of £6.03 per sq ft
  • Purchase at this level would reflect a Net Initial Yield of 6.75% with a reversionary yield of 7.46% in 2027
  • Offers in excess of £341,000
The property is a corner building of brick construction over ground, first and attic floors under a pitched slate roof forming part of a local retail parade. The store is a large unit arranged over the ground floor with a sales area providing a range of grocery products, off license, hot food items and an ATM. The first and attic floors are currently void. There is ample free car parking available adjacent to the store on Whitecross Road.
< Back to properties VIEW SHORTLIST Download McColls_Warrington Lovely Lane final.pdf Download Sublease dated 23 February 2016.pdf Download _Official Copy Title Plan CH340501client_s leasehold title_3565987.pdf Download Official Copy of Register EDOC REGISTRATION CH340501.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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