Investment Summary

74 King Street & 39-41 Cross Street, Manchester

  • A multi-let investment comprising three shop units and 12 upper floor flats (sold off by way of a single long lease)
  • A dominant Regional Shopping Centre
  • A substantial and attractive Grade II Listed building
  • Approximately 75% of the current gross rent is secured against Diesel, an international high fashion brand, for an unexpired term in excess of 10 years
  • 6,548 sq ft (excluding residential)
  • Current rental income of £269,000 per annum
  • Freehold
  • Offers in excess of £3,000,000.
  • 8.5% net initial yield

 

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