An excellent opportunity to acquire a freehold retail warehouse investment let to B&M Retail Limited.

Well secured 10-year income to a £3bn+ covenant. The passing rent is £200,000 per annum with an upwards only rent review in year 5.

B&M have been in occupation for over 10 years and have recently refurbished the property with the latest corporate format and branding.

The property is prominently located just off the A62 Huddersfield Road, approximately 1 mile from Oldham town centre and adjacent to Greenacres Retail Park.

The store is situated in an established industrial/warehouse location and benefits from a strong line-up of nearby food and retail occupiers, including a 149,000 sq. ft Tesco Extra, McDonalds and KFC.

Total Gross Internal Area of c.19,558 sq ft (1,817 sqm) with car parking to the front for c.38 vehicles plus a designated service yard.

Seeking offers in excess of £2,890,000 (Two Million and Eight Hundred and Ninety Thousand Pounds). Subject to contract. A purchase at this level reflects a Net Initial Yield of 6.5% assuming purchaser’s costs of 6.44%.