BP/M&S Service Station, 590-596 Didsbury Road, Heaton Mersey, SK4 3ATMake an enquiry
Franck Steier Price has recently completed the acquisition of a new BP/M&S Petrol Filling Station on behalf of IM Properties.
The property is located in Heaton Mersey, 2.5 miles west of Stockport, and will comprise a new build BP/M&S petrol filling station.
The property is let to BP Oil Ltd for a term of 25 years from June 2015. The lease is held on full repairing and insuring terms subject to 5 years open market reviews. The current rent is £120,000 per annum.
The purchase price of £2,100,000 reflected a net initial yield of 5.40% after purchaser’s costs of 5.80.
The vendor was Synergie Holdings, represented by Barber Wadlow.