Property overview

Go Outdoors, Stockport Road, Cheadle Heath, Stockport, SK3 9TQ

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Oct 2012

Franck-Steier Price 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%.

Franck-Steier Price and Thompson Heaney acted for the purchaser and Fletcher King acted for the vendor.