Overview
- Investment
Description
Location
The property is situated on the east side of Wilmslow Road in the village of Handforth. It is approx. 1.5 miles north of Wilmslow and 2.6 miles south east of Manchester Airport, which can be accessed via the Manchester Airport Eastern Link (A555).
The property is located in a popular retail parade and is arranged over three stories. The ground floor comprises an open plan retail area with a consultation room and storage to the rear. The fitout includes air conditioning, CCTV and a suspended ceiling with modern incorporated lighting. The first floor includes an office, staff room, WC and further storage space in addition to a loft.
The property is let to Bestway National Chemists Limited (t/a Well Pharmacy) on a 10 year lease from 2023. Bestway National Chemists Limited have a Below Average Risk Experian score of 65/100 and a 2025 turnover of £736,224,000.
The lease is on fully repairing and insuring terms at a passing rent of £16,500 per annum. There is a rent review in 2028 and tenant only break clause in 2029.
The property is held freehold under title no CH565359.
Summary
Key points
- Retail investment property solely let to Well Pharmacy
- Passing rent £16,500pa
- Affluent South Manchester location
Contact
WT Gunson Chartered Surveyors
Tel: 0161 833 9797
WT Gunson
admin@wtgunson.co.uk
https://www.wtgunson.co.uk/
WT Gunson Chartered Surveyors
Tel: 0161 833 9797
Neale Sayle
neale.sayle@wtgunson.co.uk
https://www.wtgunson.co.uk/
EPC
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