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
