Large retail centre for sale

Thu, 09 Jul 2015 | COMMERCIAL PROPERTY

A large retail centre in Ashton-under-Lyne is for sale with the agents predicting a significant level of interest from potential investors due to the potential of the centre.

Arcades Shopping Centre is the mall in question and the business is for sale for £24.25 million.

It houses a total of 45 units which are spread across two floors of open shopping space. These units are occupied by major high street retailers including New Look, Next and WHSmith.

Investment director at Savills, Mark Garmon-Jones, has been appointed to handle the sale by Grant Thornton. He said that the guide price will deliver a net initial yield of nine per cent, with the retail centre expected to generate annual rental income of around £2.9 million.

Mr Garmon-Jones commented on the opportunity: “With a strong tenant mix and numerous opportunities to increase long term income through asset management, we are confident this shopping centre investment will have wide appeal.”

In total the retail centre provides 138,691 square foot of retail space. It was first opened back in 1995 and is well located next to the Ladysmith Centre and Market Square, which is currently undergoing a multi-million pound investment as the area continues to improve.


View other retail businesses for sale.


Share this article



Latest Businesses for Sale

Steel Scaffolding Tube, Scaffolding Equipment & Daf Dropside Wagon (Fast Sale)
UK Wide

Viewing: Wednesday 12 June 2019 between 10am and 3pm. CLOSING FROM 10AM FRIDAY 14 JUNE 2019.

Asking Price: Offers Invited
Turnover: < £500k

Office Furniture Refurbishment Company
Relocatable, Manchester, North West, UK

This well established and robust business was set up by the vendors almost 20 years ago and in that time has grown into a highly skilled and professional company providing its clients with a unique and bespoke range of products and services. Offers i...

Asking Price: £347,000
Turnover: £360,000

LEASEHOLD


Specialist Leadership Communications Consultancy
South East, UK

Specialises in delivering effective programmes for C-Suite, Directors and Managers to become better communicators and leaders. Offers invited.

Asking Price: Offers Invited
Turnover: £467,000

RELOCATABLE



View more businesses for sale

News Search

Latest News

 
23
 
May
 

Fintech company Loot collapses into administration | ADMINISTRATION

After failing to secure further backing from the Royal Bank ...

 
22
 
May
 

Spike in M&A activity in the education sector | BUSINESS SALE

In recent months, the education sector in the UK has witness...

 
22
 
May
 

Jamie Oliver restaurant empire collapses into administration | ADMINISTRATION

Celebrity chef Jamie Oliver, who shot to fame after campaign...

Free guide: 10 Biggest Buyer Mistakes

Sign up to receive our acquisition alert emails to get your FREE guide

Email


Related News

 
27
 
Mar
 

Yorkshire vineyard up for sale | BUSINESS SALE

An award-winning vineyard in Yorkshire has been brought to m...

 
12
 
Oct
 

Shopping centre in Northern Ireland for sale at £18m | BUSINESS SALE

Bow Street Mall in Lisburn, one of Northern Ireland's b...

 
15
 
Jun
 

Cumbria hotel on sale for an undisclosed price | COMMERCIAL PROPERTY

A Georgian hotel from the 19th century has been put on the m...

Want access to the latest businesses for sale?

Business Sale Report is your complete solution to finding great acquisition opportunities.

Join today to receive:

  • Comprehensive range of businesses for sale
  • Make direct contact with business sellers or their intermediaries
  • Access to all UK administrations, liquidations and winding-up petitions
  • Daily email alerts for the latest businesses for sale & distressed notifications
  • Business Sale Report publication posted to you every month
  • Advertise your acquisition requirements on our "business wanted" section

All this and much more, including the latest M&A news and exclusive resources