Under Offer
£2,100,000

The Address

Regent Street, Altrincham, WA14 2RY

Investment

Bank, retail and ground rent investment in Altrincham town centre across two new buildings

The property is situated on Regent Road in the heart of Altrincham town centre. Regent Road leads to Market Street, home to the
famous Altrincham Markets, as well as George Street which forms part of Altrincham’s prime retail pitch and connects the site to The Stamford Quarter Shopping Centre. The site is well located to access public transport connections with Altrincham Interchange a short walk away approximately 0.2 miles distant.

• Block A comprises three commercial units and demised parking on the ground floor with 36 apartments on the upper floors (sold off LLH)

• Commercial units of Block A provide a total lettable floor area of 5,737 sq ft with car parking for 21 vehicles

• Let to Handlesbank PLC, Bread Bin Limited and a 12-month rent, rates and service charge guarantee provided on the vacant unit, with
additional income generated from the parking spaces

• AWULT of 8.73 years to expiries (7.55 years to breaks) from the occupational leases.

• Topped up rental income of £160,930 per annum (£24.74 psf)

• Block B provides ground floor commercial units, upper floor residential accommodation and multi-storey car park, all of which
have been sold off LLH

• There is additional income of £17,937 per annum from ground rents of commercial units, upper-floor residential accommodation and
multistorey car park across both Block A and Block B

• The property produces a total topped-up income of £178,867 per annum from occupational leases on the commercial units of Block A, alongside ground rents from long leaseholds across both Block A and Block B

• Freehold

• 8.01% net initial yield

Availability

Name Sq Ft Availability
Ground floor 5,737 Availabile
Total 5,737

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