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11-13 Piccadilly 19,958 sq ft 100% Let Retail Property Manchester M1 1LZ £8,300,000 (£415.87/sq ft) 6.78% Net Initial Yield
EXECUTIVE SUMMARY
The vendor is seeking offers in excess of £8,300,000 (Eight Million Three Hundred Thousand Pounds), subject to contract, for the benefit of the freehold interest in the subject
property. The price reflects a net initial yield of 6.78% on the current income and a reversionary yield of 7.75%, net of standard purchaser’s costs at 6.67% and a low capital value of £416 per sq ft.
property. The price reflects a net initial yield of 6.78% on the current income and a reversionary yield of 7.75%, net of standard purchaser’s costs at 6.67% and a low capital value of £416 per sq ft.
PROPERTY FACTS
Sale Type
Investment
Property Type
Retail
Tenure
Freehold
Property Subtype
Shopfront
Property Size
19,958 sq ft
Costar Property Class
B
Year Built
1755
Price
£8,300,000
Price per sq ft
£415.87
Yield
6.78%
NOI
£562,740
Occupancy Rate
100%
Tenancy
Multiple
Number of Floors
6
Plot ratio
1.78
Total Plot Size
0.26 ac
AMENITIES
- Storage Space
- Air Conditioning
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NEARBY MAJOR RETAILERS
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11-13 Piccadilly
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