An opportunity to acquire the long leasehold interest in a fully let retail investment comprising two retail units prominently positioned in Bury town centre. The property produces a passing rent of £50,500 per annum exclusive, with potential for rental growth through the outstanding open-market rent review at 10–12 The Rock, which fell due in August 2026. The investment benefits from a prominent town-centre location, strong surrounding retail and leisure provision, and excellent transport connectivity to Manchester and the wider Greater Manchester area.
Bury is an established market town in Greater Manchester, approximately 10 miles north of Manchester city centre and around 6 miles east of Bolton and west of Rochdale. The town benefits from excellent regional transport links, with the inner ring road comprising Peel Way and Angouleme Way providing convenient access to the wider road network and surrounding towns. Bury is also served by the Metrolink tram network, providing direct connections to Manchester city centre in under 30 minutes, enhancing accessibility for shoppers, employees and visitors.
The property occupies a prominent position at the junction of Crompton Street and The Rock, in the heart of Bury town centre. It is situated at the northern end of the Mill Gate Shopping Centre on Crompton Street, one of Bury’s established retail destinations The property is within walking distance of Bury Interchange and Bury railway station. The location benefits from significant pedestrian footfall generated by both The Rock Shopping Centre and Mill Gate Shopping Centre, together with a strong surrounding mix of retail,
restaurants, bars and leisure operators.
The property comprises two retail units which form part of a three-storey period brick-built Victorian building with retained architectural detailing, adjoining a later modern commercial
extension. Both units benefit from substantial glazed frontages, providing excellent retail visibility and strong prominence from the Surrounding pedestrianised and retail environment.
·10-12 The Rock is let to Countrywide Estate Agents trading as Entwistle Green on an FRI lease for a term of 10 years with effect from 5th August 2021. This lease renewal follows an 18 year lease seeing Entwistle Green occupy the building since 2003.
· The lease is subject to an open-market rent review on the 5th anniversary of the term commencement date.
· The passing rent is £36,000 per annum exclusive, equating to £30.59 per sq. ft and the August 2026 rent review remains outstanding.
· 4 Crompton Street is let to two individuals trading as HaireSStudios, a hairdressing salon, on a 4 year lease with effect from 15 th July 2024.
· The current passing rent is £14,500 per annum, equating to £21.14 per sq. ft. The lease is not subject to any further review.
