Rare opportunity to purchase a central Manchester office building
Excellent central location adjacent to Spinningfields and St Peter's Square
Recent refurbishment of all common areas and vacant 2nd floor suite
Well appointed office space with WC and kitchen amenities for each suite
3rd and 4th floor let to well established engineer and Chartered Surveying businesses
Low rents with significant reversionary potential
Other asset management opportunities include letting the vacant space and a potential rooftop extension (STP)
Total NIA of 4,752 sq ft
Long leasehold interest with 178 years unexpired at a peppercorn rent
Total rent of £94,365 inclusive of 12 months rental guarantee on the vacant 2nd floor
Offers in excess of £1,482,000 (STC)
Capital value of £312 psf
Net Initial Yield of 6.00%
Estimated reversionary yield of 7.28%
