Rochdale forms part of the Greater Manchester conurbation, located 12 miles north east of Manchester city centre.
The town has an extensive catchment population and benefits from excellent accessibility, being close to the M62, M66 and A627(M).
Central Retail Park is strategically positioned, fronting the A671, close to the town centre.
Comprises a modern purpose built scheme totalling 68,768 sq ft with 273 car parking spaces.
The subject property is fully let to Halfords, Argos, Matalan and Poundstretcher.
WAULT of 8.33 years – no break options.
Current rent of £1,133,182 per annum, equating to an average rent of £16.48 per sq ft.
Open A1 (non-food) planning consent.
We are instructed to seek offers in excess of £14,155,000, subject to contract and exclusive of VAT. This reflects an attractive net initial yield of 7.50% (assuming purchaser’s costs at 6.73%).