Go Outdoors, Stockport Road, Cheadle Heath, Stockport, SK3 9TQMake an enquiry
Atlas Real Estate Ltd has recently completed the acquisition of the Go Outdoors retail warehouse investment on behalf of UK Land and Estates.
The property comprises a self contained retail warehouse adjacent to a Homebase retail warehouse and Morrisons supermarket in Cheadle Heath, 2 miles to the west of Stockport town centre.
The unit totals 28,833 sq.ft on a site of 1.85 acres and is let to Go Outdoors Limited for a term of 15 years from 19th January 2006. The current passing rent is £28,750 per annum exclusive.
The acquisition price was £2,850,000 which reflects a net initial yield of 9.38%.
Atlas Real Estate and Thompson Heaney acted for the purchaser and Fletcher King acted for the vendor.