Smiths News, Ashton Road, Bredbury, South Manchester, SK6 2QT
Tenant: Smiths News Ltd
Size: 54,134 sq ft
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.