Manchester is the UK’s 2nd city and is the economic and cultural capital of the North West region
Developed in the mid 1980’s the property comprises 14,050 sq ft (1,305 sq m) arranged over ground and 6 upper floors, with 9 ancillary basement car parking spaces
The property produces a total income of £185,329 per annum reflecting an average rent of only £12.22 psf
Average unexpired lease term of 2.9 years to expiry and 2.2 years to breaks
Capital value of £178 psf
Offers are sought in excess of £2,500,000 (Two million, five hundred thousand pounds) subject to contract and exclusive of VAT. A purchase at this level will reflect a 7% net initial yield assuming standard purchase costs of 5.8%.