Brook Ln | Alderley Edge SK9 7RU
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Brook Ln
Alderley Edge SK9 7RU
The Oakwood · Retail Property For Sale
Investment Highlights
- The Oakwood is situated fronting the B5085, one mile northwest of the village centre.
- Only 12.0 miles (19.3 kilometres) south of Manchester and 6.0 miles (9.6 kilometres) northwest of Macclesfield.
- Opposite the property is Alderley Edge Golf Club with the village known for its affluence and sought after location.
Executive Summary
The property is held freehold (Title Number CH472903). The entire property is let to Jungle Pubs Oakwood Limited on a 20 year lease from 4 October 2021 at a current rent of £74,970 per annum which is subject to five yearly open market reviews and annual RPI increases with a collar of 3% and cap of 5%. The lease has an option to purchase in favour of the tenant at £1,200,000 until 6th October 2025.
PROPERTY FACTS
Sale Type
Investment
Property Type
Retail
Tenure
Freehold
Property Subtype
Bar
Building Size
3,000 SF
Building Class
C
Year Built
1900
Price
$1,191,502
Price Per SF
$397
Cap Rate
7.98%
NOI
$95,029
Tenancy
Single
Building Height
2 Stories
Building FAR
0.16
Lot Size
0.42 AC
Parking
20 Spaces (9 Spaces per 1,000 SF Leased)
Frontage
124 FT on Brook Ln
Amenities
- Restaurant
- Energy Performance Rating - D
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