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Havelock 70 Great Bridgewater St 111,570 sq ft 5-Star Office Property Manchester M1 5ES £59,500,000 (£533.30/sq ft) 7.30% Net Initial Yield
Investment Highlights
- Comprehensively refurbished Grade A office building completed in 2024
- Prime Manchester city centre office investment located on Great Bridgewater Street
- Fully let to Government Property Agency (GPA) on a 10-year lease
Executive Summary
Prime Manchester city centre office investment at Havelock, Great Bridgewater Street, being marketed for sale by UBS. The building comprises a comprehensively refurbished Grade A office extending to approximately 115,000 sq ft, completed in 2024.
The property is fully let to the Government Property Agency (GPA), which signed a 10-year lease in March 2026, providing secure government-backed income. The lease benefits from a tenant break option after year 8.
The asset produces an annual passing rent of approximately £4.4 million, equating to £38.27 per sq ft. Rental growth potential exists, with estimated reversion to around £55 per sq ft at the first rent review in 2031.
The property is fully let to the Government Property Agency (GPA), which signed a 10-year lease in March 2026, providing secure government-backed income. The lease benefits from a tenant break option after year 8.
The asset produces an annual passing rent of approximately £4.4 million, equating to £38.27 per sq ft. Rental growth potential exists, with estimated reversion to around £55 per sq ft at the first rent review in 2031.
Property Facts
Sale Type
Investment
Property Type
Office
Tenure
Freehold/Long Leasehold
Property Size
111,570 sq ft
Costar Property Class
A
LoopNet Rating
5 Star
Year Built
2024
Price
£59,500,000
Price per sq ft
£533.30
Yield
7.30%
NOI
£4,343,500
Tenancy
Single
Number of Floors
8
Typical Floor Size
15,823 sq ft
Plot ratio
4.07
Total Plot Size
0.63 ac
Parking
16 Spaces (0.14 Spaces per 1,000 sq ft Leased)
Amenities
- 24 Hour Access
- Bus Route
- Controlled Access
- Security System
- Signage
- Waterfront
- Wheelchair Accessible
- EPC - A
- Reception
- Bicycle Storage
- Demised WC facilities
- Lift Access
- Natural Light
- Open-Plan
- Reception
- Shower Facilities
- Smoke Detector
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Contacts
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Joshua
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Will
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Luke
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Oliver
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Joseph
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Videos
Matterport 3D Exterior
Matterport 3D Tour
Photos
Street View
Street
Map
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Havelock | 70 Great Bridgewater St
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