Go Outdoors, Stockport Road, Cheadle Heath, Stockport, SK3 9TQ
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£2,850,000
Oct 2012
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.
