Retail investment purchased at 52 Stamford New Road, Altrincham

A private investment client of Fifield Glyn has bought a retail investment

at 52 Stamford New Road, Altrincham for £700,000.

 

The property is prominently positioned at the corner of Stamford New Road and

Cross Street in the centre of Altrincham and provides 2 ground floor retail units.

52 Stamford New Road is let to Dawsons Music Ltd until June 2013 at £71,000pa,

whilst 4 Cross Street is let to a local mobile phone retailer at £12,000 pa until April 2013.

Vacant first floor offices provide an opportunity for refurbishment or conversion.

 

The investment shows a yield of approximately 10.0%.