5 Piccadilly& 8 Tib Street
Manchester
M1 1PQ

  • Price £4,050,000
  • Yield 7%
  • Income £302,500
  • Sector Commercial, Retail

Prime Manchester City Centre Investment Opportunity

Summary

  • Located in Manchester one of the most well connected cities in the UK, the dominant commercial centre for the North of England.
  • Situated in the heart of the city centre, the property occupies a highly prominent position on the busiest south-facing side of Piccadilly Gardens.
  • Majority let to Bank of Scotland Plc with a current passing rent of £282,500 pa.
  • 8 Tib street is let to M1 MN Ltd (t/a M1 Nails) with a current passing rent of £20,000 pa.
  • The total passing rent is £302,500 pa.
  • Both leases have an expiry date of 29 November 2028, providing a WAULT of 2.75 years.
  • Freehold.
Contact
Ben Lewis
Email: benlewis@lewisandpartners.com
Mobile: 07887 553 674