PRIMARK
OLDHAM
We seek offers in excess of £9,110,000 (nine million,
one hundred and ten thousand pounds), subject to contract and exclusive of
VAT for the freehold interest in this property. A purchase at this level
would reflect an attractive net initial yield of 6.75%, assuming normal
purchaser's costs of 5.725%.
Oldham is an established commercial centre located within Greater
Manchester, situated 9 miles to the north east of Manchester city centre.
We are not retained and would require a fee to be agreed further information is available
on receipt of a Letter of Interest and a signed Fee agreement.
- 100% prime trading position within Oldham.
- Highly prominent store providing approximately 67,039 sq ft of retail accommodation.
- Let to Primark Stores Ltd until 2022.
- Let to one of the UK's strongest retail covenants currently available and the UK's second largest clothes retailer.
Total income: £650,000 per annum.