Grand Central
Stockport
The leisure-based property located in Stockport Town Centre is immediately adjacent to the town's railway station, providing a strategic and accessible location. This property offers 146,000 sq ft of existing accommodation, including a swimming pool, ten-pin bowling alley, ten-screen cinema, shops, gym and offices, generating a total income of £1.42 million per annum.
the stats
125% growth in asset value
£1.42m in annual rent (11.8% yield)
£160k increased rental income annually from parking fees
High-Impact Leisure Asset
A resolution to grant outline planning consent was achieved in March 2008 to extend Grand Central by an additional 400,000 sq ft of mixed-use accommodation, including a new 1,500-space multi-storey car park. An agreement for a 20-year lease has been exchanged with Travelodge for a 114-bedroom hotel at an initial rent of £437,500 per annum, equating to £3,838 per room per annum. The hotel development and works to the existing Tenpin building represent the first phase of the extension proposals.
Diverse Amenities for All
This development opportunity increases income streams but also elevates the overall profile and functionality of the Stockport Town Centre, making it a highly attractive investment prospect.
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