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
