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Parkers Hotel 109-111 Corporation St 72,620 sq ft 100% Let Retail Property Manchester M4 4DX £14,000,000 (£192.78/sq ft)
Investment Highlights
- The property consists of 106 self-contained residential apartments and commercial space arranged over basement, ground and four upper floors.
- Manchester is the fastest growing regional city in the UK and is renowned as the economic powerhouse of the North.
- Manchester has a large population of more than 2.5 million people and more than 7.2 million people live within a 1-hour drive time.
- The economy is expected to grow by 14.5% between 2022 and 2026.
Executive Summary
Offers are sought in excess of £14,000,000 (Fourteen Million Pounds) subject to contract and exclusive of VAT. A purchase at this level reflects an extremely low capital value of approximately £186 per sq ft. The property offers an attractive Gross Initial Yield of 8.32% assuming standard purchaser costs of 6.80%.
Property Facts
Sale Type
Investment
Property Type
Retail
Tenure
Freehold
Property Subtype
Shopfront Retail / Residential
Property Size
72,620 sq ft
Costar Property Class
B
Year Built
1912
Price
£14,000,000
Price per sq ft
£192.78
Occupancy Rate
100%
Tenancy
Multiple
Number of Floors
5
Amenities
- 24 Hour Access
- Commuter Rail
- Public Transport
- Security System
- Signage
- Roller Shutters
- Storage Space
- Balcony
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Parkers Hotel | 109-111 Corporation St
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