Skip to content
UNDER OFFER

Tesco Express, Chester Road, Castlefield, Manchester, Greater Manchester

£1,600,000

£379.24 per sq ft

Business rates & charges may apply

Roger Hannah Ltd, Manchester
SIZE AVAILABLE

4,219 sq ft

392 sq m

SECTOR

Commercial property for sale

Key features

  • Highly prominent retail / convenience store investment in Manchester City Centre.
  • Ground floor of newly developed residential building providing 166 apartments.
  • Located on an exceptionally busy pitch in one of Manchester's most popular residential areas.
  • Circa 2,000 dwellings in the immediate vicinity

Description

The property comprises a recently completed Tesco convenience store arranged on the ground floor of a development of 166 luxury apartments, which do not form part of the ownership. The unit is arranged on the ground floor only, with access from Chester Road, and delivery access via Spinners Way to the rear.

Long Income Convenience Store Investment in Manchester City Centre.

Highly prominent retail / convenience store investment on the ground
floor of a newly developed residential building providing 166 apartments.

Located on an exceptionally busy pitch in one of Manchester's most popular residential areas with approximately 2,000 dwellings in the immediate vicinity.

Approximately 4,219 sq ft (GIA) of ground floor accommodation.

Let entirely to the undoubted covenant of Tesco Stores Ltd - Net worth £4.9bn

FRI lease on a term of 15-years from 28th November 2022 with no break.

Passing rent £100,000 per annum, equating to £23.70 per sq ft based on the GIA.

5 yearly upward only open market rent reviews capped at 12.5%.

Lease subject to an 18-month rent free period.

Brochures

Tesco Express, Chester Road, Castlefield, Manchester, Greater Manchester

NEAREST STATIONS

Distances are straight line measurements from the centre of the postcode
  • Cornbrook Tram Stop0.3 miles
  • Deansgate Station0.5 miles
  • Manchester Deansgate-Castlefield Tram Stop0.7 miles

About Roger Hannah Ltd, Manchester

Century Buildings 14 St. Marys Parsonage Manchester M3 2DF

Roger Hannah is a leading North West based firm of Chartered Surveyors and Property Managers located in the heart of Manchester City Centre. We provide comprehensive property expertise from our 50 strong team providing advice on all property matters across the North West and nationwide.

With excellent Regional and National knowledge, industry contacts and a highly qualified and professional team, Roger Hannah has grown to be a successful and dynamic firm of Chartered Surveyors & Property Managers and is now the largest independent property consultancy in the North West.

Independent | Property | People

Established in 1979, Roger Hannah provides advice on a range of property matters, assisting our clients to maximise their property interests and investments. For us it is about the people; creating longstanding relationships and adding value to those relationships wherever we can.

We act for public authorities, property companies, plc companies, entrepreneurs, individuals and all types of businesses. Our success is built on a personal service, a high level of skill and drive to serve our client’s interests coupled with an entrepreneurial spirit to identify solutions and provide our clients with the right opportunities.

Our experience includes involvement in some major projects including significant regeneration projects and several major urban renewal programmes. We manage over 3 million sq ft of commercial buildings producing a rent roll in excess of £16 million from over 1,000 tenants.

People are at the heart of our business. We strive to provide a first class service to our clients, ensuring that we treat our employees with respect and that the disadvantaged in our society are considered.

Notes

These notes are private, only you can see them.

Disclaimer - Property reference 2967FH. The information displayed about this property comprises a property advertisement. Rightmove.co.uk makes no warranty as to the accuracy or completeness of the advertisement or any linked or associated information, and Rightmove has no control over the content. This property advertisement does not constitute property particulars. The information is provided and maintained by Roger Hannah Ltd, Manchester. Please contact the selling agent or developer directly to obtain any information which may be available under the terms of The Energy Performance of Buildings (Certificates and Inspections) (England and Wales) Regulations 2007 or the Home Report if in relation to a residential property in Scotland.

Map data ©OpenStreetMap contributors.