• Address
    The Grafton Centre, Altrincham
  • Price
    £7,000,000
  • Yield
    9%
  • Sector
    Mixed Use
  • Size
    65,433 Sq Ft
  • Lease Term
    Multi let Shopping Centre retail with with a Travelodge Hotel
  • Client
    Overseas Private Investor
  • Type
    Acquisition

The Grafton Centre

The Grafton Centre is prominently located at the southern end of the pedestrianised George Street and has a triple aspect with prominent frontages onto both George Street, Stamford New Road (A538) and Regent Road. Altrincham’s Transport Interchange is situated approximately two minutes’ walk away along Stamford New Road and the new CMFT hospital site is directly opposite the Regent Road frontage in Railway Street which will enhance footfall in this locality. Retailers located opposite and nearby include Poundland, Iceland, Yorkshire Bank, Superdrug, Bodycare, Specsavers and Vodafone.

The Grafton Centre was built in the 1970’s and comprises a mixed use retail and hotel scheme effectively occupying a virtual island site at the junction of George Street and Regent Road. The property has recently been partially redeveloped and now provides a seven storey hotel tower leased to Travelodge with associated parking, a newly created MSU for Home Bargains, three further recently re-configured new units and 14 other unit retail units along with a newly refurbished Jazz Bar/Restaurant at the junction of Regent Road and Stamford New Road. The Graftons is an indoor retail arcade housing 5 of the units on short
term leases and a wide mall which links George Street and Stamford New Road and provides a potential future redevelopment opportunity.

The Travelodge has a dedicated guest entrance lobby on Stamford New Road and was comprehensively refurbished mid 2011 providing 91 rooms along with an integral Bar/Café and 36 chargeable car parking spaces situated adjacent to the tower at first floor level above the retailing provision. The parking is accessed by a service road and bridge link (over George Street) off Central Way which is located off Regent Road. The first floor area also provides remote storage areas and three flats most of which is unused.

Contacts

Steve Orzel

+44 (0)20 7112 8571

Anthony Friedman

+44 (0)20 7112 8572