Summary - Former Premises of Chestergate Wood Supplies,Borron Street,Portwood,Stockport,SK1 2JD SK1 2JD
1 bed 1 bath Commercial Development
**Key Features:**
- **Lease Details:** Let to Lookers Motor Group Ltd on a 10-year FRI lease (7 years remaining).
- **Financials:** Passing rent of £51,000 per annum; estimated rental value (ERV) of £60,000 per annum; Net Initial Yield of 7.03% and reversionary yield of 8.63%.
- **Location:** Prime industrial site near Junction 27 of the M60 motorway, 15 minutes from Manchester Airport.
- **Size:** Extensive site area of 1,615 sq.m (approximately 6411 sq ft).
- **Accessibility:** Ample parking with broad vehicular access.
- **Surroundings:** Close to major retailers and facilities, serving a populous area with high demand for services.
**Summary:**
This sizeable industrial warehouse investment, strategically located in the bustling town centre of Stockport, presents a remarkable opportunity for savvy investors. Currently leased to Lookers Motor Group Ltd, the property generates an annual income of £51,000, with potential to increase to £60,000 upon the rent review in December 2027. The well-maintained single-storey warehouse, set on a generous 0.40 acres, is designed for commercial use and is easily accessible via the M60 motorway, making it a prominent location for business operations.
While the remaining lease of 7 years may pose challenges for potential mortgage lenders, the property’s excellent net initial yield of 7.03% offers immediate cash flow and future appreciation potential. Neighbors like Tesco Extra, Currys, and other well-known brands assure continued foot traffic, heightening the investment's appeal. For anyone looking to capitalize on a solid commercial property with favorable yields, this offering combines potential, prime location, and established tenancy—don’t miss out on your chance to secure this promising asset.
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