Plot 14 occupies a prominent plot on Circle Square, a large mixed use development site fronting Oxford Road, within 400 metres of Manchester Town Hall.
A single building comprising a 10 storey hotel developed atop a 9 storey plus GF car park building.
158 hotel bedrooms and 1,016 car spaces
Hotel – To be let to Premier Inn Hotels Ltd and guaranteed by Whitbread Grtoup plc. 25 year term with TBO after 20 years. 5 yearly CPI linked reviews (0% & 4%). Commencing rent of £829,500pa.
MSCP - To be let to S&K Car park management Ltd and guaranteed by Secure Parking PTY Ltd. 35 year term with 5 yearly RPI linked reviews (2% & 4%). Commencing rent of £1,350,000pa.
Forward funding
£43,200,000
