Investment Summary

19-21 King Edward Street, Macclesfield,

  • Town centre office investment occupied by a long standing tenant
  • Macclesfield is an affluent and popular town at the edge of the Peak District and 19 miles south of Manchester
  • The property comprises 2 inter connecting office buildings extending to 18,361 sq ft
  • 32 car parking spaces
  • 10 year reversionary lease to McCann Complete Medical Limited wef 29th January 2016
  • Lease is guaranteed by Interpublic Ltd
  • Passing rent of £254,000 (£12.95 psf plus parking)
  • Rent review in fifth year linked to RPI with 1% and 3% collar and cap
  • Freehold
  • Offers in excess of £2,825,000 (STV)
  • Attractive NIY of 8.5%
  • Low capital value of just £154 psf
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