Heywood is located 7 miles north of Manchester city centre and forms part of the Greater Manchester urban area.
The B&M store is located in a prominent and easily accessible location, adjacent to a dominant and well established Morrisons foodstore.
Modern unit totalling 33,713 sq ft, let to the 5A1 covenant of B&M Retail Limited.
Open A1 including food planning consent.
To be sold by way of a sale and leaseback, with a new 20 year full repairing and insuring lease with 5 yearly upwards only rent reviews, capped at 12% (2.3% per annum).
Affordable rent of £12.50 per sq ft, £421,413 per annum.
We are instructed to seek offers in the region of £6,080,000 (Six Million and Eighty Thousand Pounds), subject to contract and exclusive of VAT. This reflects a net initial yield of 6.50% (assuming purchaser’s costs of 6.63%).