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85 Greengate - Abito 3,369 sq ft Office Unit Offered at £533,000 in Salford M3 7NA
Investment Highlights
- Well located in a prominent position in close proximity to both Trinity Way and Manchester City Centre, along Greengate
- New 5-year lease to Digital Advantage from 2025 with a tenant break at the expiry of the 3rd year
- Strategically located on the east side of Trinity Way in a prime mixed-use area of the city offering ease of access to both Manchester and Salford
- The property is let producing a total income of £47,500 per annum
- The rent reflects low base of only £12.98 psf overall offering excellent growth potential
Executive Summary
The property provides versatile office, retail, and residential accommodation and is located in a prominent position along Greengate.
1 Unit Available
- Unit
- Unit Size
- Unit Use
- Price
- NOI
| Sale Type | Investment | Tenure | Long Leasehold |
| Net Initial Yield | 8.50% |
| Sale Type | Investment |
| Net Initial Yield | 8.50% |
| Tenure | Long Leasehold |
Description
Single let 3,659 sq ft office in a prime mixed-use area in Manchester.
The space, part of the Abito apartment block, comprises ground floor with open and cellular offices and mezzanine floor which includes kitchen recreational area, WCs, shower and meeting room. The space has a wide frontage with strong prominence, natural light and full electric shuttering.
Internally the speciation includes -
The space, part of the Abito apartment block, comprises ground floor with open and cellular offices and mezzanine floor which includes kitchen recreational area, WCs, shower and meeting room. The space has a wide frontage with strong prominence, natural light and full electric shuttering.
Internally the speciation includes -
- Floor trunking
- Inset spotlights
- Wooden floors
DDA compliant lift
Sale Notes
We are instructed to seek offers in-excess of £533,000 reflecting an attractive 8.50% net initial yield assuming standard purchase costs of 4.83%.
The property is held 150-year leasehold at a peppercorn rent.
The property is held 150-year leasehold at a peppercorn rent.
| Unit | Unit Size | Unit Use | Price | NOI |
| Unit Office | 3,369 sq ft | Office | £533,000 (£158.21/sq ft) | £45,305 |
Unit Office
| Unit Size |
| 3,369 sq ft |
| Unit Use |
| Office |
| Price |
| £533,000 (£158.21/sq ft) |
| NOI |
| £45,305 |
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Unit Office
| Unit Size | 3,369 sq ft |
| Unit Use | Office |
| Price | £533,000 (£158.21/sq ft) |
| NOI | £45,305 |
| Sale Type | Investment |
| Net Initial Yield | 8.50% |
| Tenure | Long Leasehold |
| Description | |
| Single let 3,659 sq ft office in a prime mixed-use area in Manchester.<br> <br> The space, part of the Abito apartment block, comprises ground floor with open and cellular offices and mezzanine floor which includes kitchen recreational area, WCs, shower and meeting room. The space has a wide frontage with strong prominence, natural light and full electric shuttering.<br> <br> Internally the speciation includes -<br> <ul style="list-style: disc; padding: 0px 0px 0px 40px"><li> Floor trunking<br> </li><li> Inset spotlights<br> </li><li> Wooden floors<br> DDA compliant lift</li></ul> | |
| Sale Notes | |
| We are instructed to seek offers in-excess of £533,000 reflecting an attractive 8.50% net initial yield assuming standard purchase costs of 4.83%.<br> <br> The property is held 150-year leasehold at a peppercorn rent.</li></ul> |
Property Facts
The following property facts and amenities apply to the entire building. Details for individual condo units may vary and are listed in the unit information above.
| Total Property Size | 15,956 sq ft | Floors | 9 |
| Property Type | Office (Unit) | Typical Floor Size | 3,046 sq ft |
| Costar Property Class | B | Year Built | 2007 |
| Total Property Size | 15,956 sq ft |
| Property Type | Office (Unit) |
| Costar Property Class | B |
| Floors | 9 |
| Typical Floor Size | 3,046 sq ft |
| Year Built | 2007 |
Amenities
- 24 Hour Access
- Security System
- Kitchen
- Central Heating
- Demised WC facilities
- Open-Plan
- Secure Storage
- Raised Floor System
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Street
Map
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85 Greengate - Abito
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