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