19-21 King Edward Street, Macclesfield

19-21 King Edward Street, Macclesfield

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  • 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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