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Mercantile House 10 Lapwing Ln 2,750 sq ft Office Property Manchester M20 2WS £715,000 (£260/sq ft)
EXECUTIVE SUMMARY
A well located Grade II character office building for sale. The existing tenant is secured until 25/3/2026, with a passing rent of £42,500 per annum.
FINANCIAL SUMMARY (ACTUAL - 2024) Click Here to Access |
ANNUAL | ANNUAL PER sq ft |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Net Operating Income |
-
|
-
|
FINANCIAL SUMMARY (ACTUAL - 2024) Click Here to Access
| Gross Rental Income | |
|---|---|
| Annual | $99,999 |
| Annual Per sq ft | $9.99 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per sq ft | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per sq ft | - |
| Effective Gross Income | |
|---|---|
| Annual | $99,999 |
| Annual Per sq ft | $9.99 |
| Net Operating Income | |
|---|---|
| Annual | - |
| Annual Per sq ft | - |
PROPERTY FACTS Under Offer
Sale Type
Investment
Property Type
Office
Tenure
Freehold
Property Size
2,750 sq ft
Costar Property Class
B
Year Built/Renovated
1903/2006
Price
£715,000
Price per sq ft
£260
Tenancy
Single
Number of Floors
2
Typical Floor Size
1,375 sq ft
Plot ratio
0.26
Total Plot Size
0.24 ac
Parking
8 Spaces (3.31 Spaces per 1,000 sq ft Leased)
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Mercantile House | 10 Lapwing Ln
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