Property Information
Address:
196 Deansgate, Manchester, Lancashire
, M3 3WF
, Lancashire
, United Kingdom
Price: Property no longer available.
Size: 63104 sq ft5862 sqm
Primary Category: Office
All Categories:
Investment, Office,
Property Ref/Movehut: MH668540
Property Ref/Agent: 111665
*Please use the agent ref when calling the agent directly.
Property description
Prime Grade A Freehold Office Investment Opportunity
- Prime multi-let freehold office situated in the heart of Manchester City Centre
- Charles Heathcote designed Grade II listed building
- Extending to 63,104 sq ft offering five floors of contemporary offices with complimentary leisure on the ground and basement
- High specification, Grade A office accommodation with original character features
- Flexible floor plates capable of sub-division
- Established reversionary rents
- Prime leisure location
- Total income of £1,753,327 per annum from completion
- Estimated rental value of £2,003,819 per annum
- Reflecting low average rent of only £27.23 per sq ft (offices) and £29.11 per sq ft (leisure)
- WAULT of 5.8 years (break), 8.3 years (expiry)
- Reflecting a Net Initial Yield of 5.47%, a Reversionary Yield of 6.26% and Capital Value of £475 sq ft
Charles Heathcote designed Grade II listed building
WAULT of 5.8 years (break), 8.3 years (expiry)
Flexible floor plates capable of sub-division
Established reversionary rents
Prime leisure location
Income of £1,753,327 per annum
Estimated rental value of £2,003,819 per annum
Five floors of contemporary offices
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