Asda, Stockport
This acquisition is a perfect fit for our strategy of further enhancing our Long Income Fund’s exposure to long, strong and progressive income streams which provide our principally pension fund investors with a good match for their future liabilities.
- Purchase Price
- £13.9m
- NIY
- 6%
- Features
- 44,368 sq ft retail store + PFS in South Manchester conurbation
- Fully let to Asda Stores Limited for 20 years from acquisition
- Fixed rental uplifts
- Low base rent
- Purchase Rationale
- Long, progressive income
- Institutional grade tenant
- ESG
- Electric vehicle charging station has been installed on site
- Operational energy, water and waste data has been collected on site for the past 3 years
- EPC B
- Location
-
- Asda, Manchester Road, Stockport, SK4 1TN
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