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Ardwick, Manchester Portfolio 2 Properties Offered at £2,950,000 in Manchester
Investment Highlights
- 65% industrial space with the remaining 35% office accommodation
- Located within the Ardwick area approximately 0.5 miles Southeast of Manchester City Centre
- Fully let to 4 occupiers generating a passing rent of £206,897 per annum, reflecting a low average rent of £5.93 psf
Executive Summary
The opportunity provides strong income from day 1, with strong reversionary potentially and future development angles.
RARELY AVAILABLE INDUSTRIAL AND OFFICE INVESTMENT OPPORTUNITY IN MANCHESTER
• Including 5, 10 & 12 Pittbrook Street and 2 Midland Street, Ardwick, Manchester, M12 6LH
• Located within the Ardwick area approximately 0.5 miles Southeast of Manchester City Centre
• Total Gross Internal Area 34,868 sq ft (3,239.32 sq m)
• 65% industrial space with the remaining 35% office accommodation
• Fully let to 4 occupiers generating a passing rent of £206,897 per annum, reflecting a low average rent of £5.93 psf
• Very conservative Estimated Rental Value in the region of £261,503 per annum, reflecting an average rent of £7.50 psf
• WAULT to break 2.88 years and 5.16 years to expiry
• Site area 1.10 acres (0.45 ha)
• Held Freehold and Long Leasehold
Instructed to seek offers in the region of £2,950,000 reflecting a NIY of 6.59%, Reversionary Yield 8.33% and Low Capital Value of £84.60 psf.
RARELY AVAILABLE INDUSTRIAL AND OFFICE INVESTMENT OPPORTUNITY IN MANCHESTER
• Including 5, 10 & 12 Pittbrook Street and 2 Midland Street, Ardwick, Manchester, M12 6LH
• Located within the Ardwick area approximately 0.5 miles Southeast of Manchester City Centre
• Total Gross Internal Area 34,868 sq ft (3,239.32 sq m)
• 65% industrial space with the remaining 35% office accommodation
• Fully let to 4 occupiers generating a passing rent of £206,897 per annum, reflecting a low average rent of £5.93 psf
• Very conservative Estimated Rental Value in the region of £261,503 per annum, reflecting an average rent of £7.50 psf
• WAULT to break 2.88 years and 5.16 years to expiry
• Site area 1.10 acres (0.45 ha)
• Held Freehold and Long Leasehold
Instructed to seek offers in the region of £2,950,000 reflecting a NIY of 6.59%, Reversionary Yield 8.33% and Low Capital Value of £84.60 psf.
Property Facts
| Price | £2,950,000 | Number of Properties | 2 |
| Price psf | £59.41 / sq ft | Individually For Sale | 0 |
| Yield | 6.59% | Total Property Size | 49,657 sq ft |
| Sale Type | Investment | Total Land Area | 7.35 ac |
| Status | Active |
| Price | £2,950,000 |
| Price psf | £59.41 / sq ft |
| Yield | 6.59% |
| Sale Type | Investment |
| Status | Active |
| Number of Properties | 2 |
| Individually For Sale | 0 |
| Total Property Size | 49,657 sq ft |
| Total Land Area | 7.35 ac |
Properties
| Property Name / Address | Property Type | Size | Year Built | Individual Price |
|---|---|---|---|---|
| 2-4 Midland St, Manchester M12 6LB | Industrial | 28,969 sq ft | 1988 | - |
|
The Refinery
10-12 Pittbrook St, Manchester M12 6JX |
Light Industrial | 20,688 sq ft | 1960 | - |
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