Investment Summary

Southcourt, Sharston Road, Sharston, Manchester M22 4BB

  • Multi-let office investment south of Manchester
  • Highly prominent location just off the Sharston Interchange - M56
  • Strategically located with excellent transport links by road, rail and air
  • Flexible office space divided to provide a range of suites with a total NIA of 36,088 sq ft
  • Produces a total gross rent of £335,085 per annum off low base rent
  • Net Rental Income of £72,072 per annum
  • 55% let to mutiple tenants - opportunity to split large units and unlock demand
  • Net ERV of £454,056 per annum
  • Sits on a large site of c. 1.75 acres (low site coverage of 20%) with parking for 160 vehicles
  • Held long leasehold for a term of 200 years with effect from completion of the sale, with a ground rent of £8,000 per annum
  • Ground rent reviewed 5 yearly upwards only and linked to a percentage of open market value
  • Offers in excess of £1,800,000 (STC)
  • Net Initial Yield of 17.53%
  • Triple Net Yield of 3.77%
  • Reversionary Yield of 23.75%
  • Low Capital Value of £50 psf
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