Ocean Court freehold offered for sale
5 August 2013 13:41
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A private pension fund has instructed commercial agents TFC and Pure Real Estate Solutions to sell the freehold of Ocean Court, Atlantic Street, Altrincham.
The property is let to Cotton Traders on a 25-year lease expiring July 2021 at a passing annual rent of £95,500 a year. The agents are quoting a price of £650,000 for the freehold.
The two-storey detached office building comprises a total of 7,110 sq ft on ground and first floors, with 33 parking spaces.
TFC director Ben Fallows said: "The building represents an opportunity to buy into a net initial 13% yield to a good covenant in a popular location, which will tick a lot of boxes with prospective purchasers."
