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– Strategically positioned on the periphery of Manchester city centre.
– Only a 10 minute walk to key amenities, Metrolink stops, Salford Central & Manchester Victoria Railway stations.
– Fully let investment offering secure income with reversion on the rents.
– 5,814 sq ft / 540.14 sq m (NIA).
– 14 fully fitted & furnished suites with shared meeting room, kitchen & breakout area.
– Gross Income of £166,739 per annum & Net Current Income of £140,756 per annum (after net operating costs of c. £25,982 per annum).
We have been instructed to seek offers in excess of £1,550,000 subject to contract and exclusive of VAT, for our clients long leasehold interest.
A purchase at this level reflects a Gross Yield of 10.14%, Net Initial Yield of 8.56% and a capital value of £267 per sq ft.