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Prime, ESG focused, Grade A office investment

Manchester, United KingdomUnlock address

81%

£140.000.000

Office

#14136

Core

24 Feb 2024

Property Details

Broker

Sold

329,219 sq.ft.

30,585 m²

Leasable area

425.25 £/sq.ft.

4,577 £/m²

7.00 %

1

Freehold

X

Fees

0.00 %

0.20 %

0.00 %

0.20 %

Investment Overview

Located in Manchester City Centre. Iconic HQ office building, providing 329,219 sq ft (30,585 sq m) of Grade A accommodation over basement, lower ground, ground and 14 upper floors. Property is one of the most sustainable buildings in the UK with a BREEAM rating of ‘Outstanding’ and an EPC rating of A+. Highly specified and flexible floorplates with excellent natural light. The building is future proofed in design and capable of multiple subdivisions per floor to create suites from 3,000 sq ft upwards. Best in class amenities and facilities, including several south facing roof terraces with stunning views of Manchester’s skyline. Single FRI lease to for 25 years from February 2013, expiring February 2038 (14.6 years unexpired). 5 yearly upwards only RPI linked rent reviews compounded annually, subject to a collar of 1.50% per annum and a cap of 4.00% per annum.