Description
A modern industrial investment opportunity let to an established single tenant by way of a 6-year lease until 15 March 2031 at an initial rent of £25,000 per annum, rising to £27,500 per annum from 16 May 2026, representing a gross yield of 9.16% based on the guide price.
The property comprises a versatile light industrial building situated on a generous plot within a residential area. The building extends to approximately 218 Sq M (2,347 Sq Ft) and benefits from excellent natural light via roof lights, an internal office, and W/C. Access is provided by a pedestrian door and a loading ramp with a roller shutter. The attached office block features a separate entrance, two offices, a reception area with a service hatch, and W/C. A secure gated yard surrounds the entire unit, ensuring easy access to all elevations.
Alma Street Works is situated off Meadowcroft, which is accessed via Alma Street and Ainsworth Road (B6292). The site is ideally positioned for access to Radcliffe town centre, just 1 mile to the south, and offers excellent transport links being located just 3.5 miles from Junction 17 of the M60 motorway and 3.3 miles from Bury town centre.
Providing a robust income stream, with a security deposit held by the landlord, the property also offers future development potential, subject to obtaining the necessary consents.
