Acquired
Stockport – GREGGS PLC
55 Castle Street, Stockport, Cheshire SK3 9ATFreehold Shop Investment
Tenure
Freehold
Lease Term
5 Years
Years Left on Lease
Holding Over
Area
1,041 SQ FT
VAT Applicable
Yes
Sector
Investment Consideration
- Comprises a ground floor shop with ancillary accommodation at first floor level
- Tenant has been in occupation since 1966
- Located in the heart of Edgeley Town Centre
- Short walk from Stockport Railway Station
- Occupiers nearby include Boots PLC, Co-op and Martins
Key Features
Tenure
Freehold
VAT
VAT is Applicable
Property Description
The property is arranged on ground and first floor to provide a ground floor food-to-go shop with internal access to ancillary and staff accommodation on the first floor.
The property provides the following accommodation and dimensions:
Ground Floor: 55.90 sq m (601 sq ft) First Floor: 41 sq m (441 sq ft)
Gross frontage 15`9”
Internal width 13`4”
Shop & build depth 45’1”
The property provides the following accommodation and dimensions:
Ground Floor: 55.90 sq m (601 sq ft) First Floor: 41 sq m (441 sq ft)
Gross frontage 15`9”
Internal width 13`4”
Shop & build depth 45’1”
Tenancy Description
The property is at present let to Greggs PLC for a term of 5 years from 2nd January 2019 at a current rent of £8,000 per annum and the lease contains full repairing and insuring covenants. The tenants have been in occupation since 1966.
Tenancies & Accommodation
Location Description
The property is located in the heart of Edgeley town centre, a short walk from Stockport Railway Station. Edgeley is a busy suburb of Stockport, located 6 miles south west of Manchester and can be reached via the M60 (Junction 1), just half a mile to the north. Occupiers nearby include Boots Plc, Co-op and Martins.
