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Virtual Freehold Asda Supermarket Ground Lease Inv, Asda, Brackley Street, Bolton, BL4 9DT
73,434 Sq Ft / Retail
Withdrawn - Last updated: 19 April 2021
- Bolton forms part of the Greater Manchester conurbation being located approximately 19 miles north west of Manchester city centre
- The property is situated in Farnworth, a densely populated residential suburb of Bolton located approximately 3 miles south of the town centre
- Rare opportunity to acquire a long dated ground lease to Asda
- 4.96 acres of land within town centre adjacent to the main shopping precinct and retailing area
- Virtual Freehold
- Let to Asda on a 99 year ground lease from 24 June 1979 on FRI terms at a current rent of £280,775 pa
- Rent reviews are five yearly based upon uncapped RPI uplift, next review is June 2018
- Property to be sold at auction on the 10th December 2014 unless sold prior
- Guide price £6,250,000 (six million, two hundred and fifty thousand pounds) reflecting an approximate net initial yield of 4.25% net of purchaser’s costs at 5.8%
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