Sold

Smiths News, Bredbury, South Manchester


Size
54,134 sq ft
Tenant
Smiths News Ltd
Value
£2,650,000
Yield
8.50%

Property description

Prominent mixed use property in an excellent strategic location at the entrance to Bredbury Industrial Estate, with immediate access to Junction 25 to the M60 Motorway, South Manchester.

The property is let in its entirety to the undoubted covenant of Smiths News Ltd (D&B 5A1) until 23 June 2020.  The tenant has occupied the site since 1990 and is currently paying a rent of £240,000 pa (£4.43 per sq ft).

The purchase reflects a low capital value of £47.06 per sq ft.