118-124 Deansgate, Manchester, M3 2GQ
Prime Central Manchester reversionary freehold investment
Attractive, prominent corner building arranged over lower ground, ground and four upper floors
3 retail units extending to 16,761 sq ft
Positioned on one of the premier retail, F&B and leisure pitches in the city centre – close to renowned San Carlo and Sexy Fish
WAULT to expiry of 5.16 years (3.30 years including break)
Total passing rent of £392,598 pa with a reversionary rent of £461,815 pa
Manchester was recently ranked as the 3rd best city in the world and the best city in Europe for business
The City has a primary retail catchment of over 7.2 million and a £78.7 billion economy
Located within a short walk of Manchester Victoria and Manchester Piccadilly stations
The Vendor is seeking offers in excess of £4,950,000 (Four Million Nine Hundred and Fifty Thousand Pounds) subject to contract and exclusive of VAT. After allowing for purchaser’s costs of 6.59%, a purchase at this level would reflect:
Net initial yield of 7.44%
Reversionary Yield of 8.75%
Capital value of £295 per sq ft
Contact
Please contact us for further information regarding any of the acquisitions on our site.
Jamie Baruch
07889 085 112
jamiebaruch@tydusre.com
Freddie Dade
07929 321 709
freddiedade@tydusre.com
Will Elphinstone
07876 131 346
willelphinstone@tydusre.com