Prime multi-let office with excellent repositioning potential

Prime office located in the heart of Manchester’s Central Business District. Freehold and multi-let to a strong mix of tenants including, Clarke Willmott Sysgroup PLC and CAF Rail. 55,385 sq ft across ground and 9 upper floors with basement car parking. Highly flexible, open plan suites of between 1,043 - 7,033 sq ft which cater for the vast majority of Manchester’s occupational requirements. Average unexpired lease terms of 4.04 years to expiry and 2.76 years to break. Total topped up income of £1,636,490 per annum reflects a low average office rent of £28.86 psf*, offering significant reversionary potential. Opportunity to drive significant rental performance through leasing vacant space, re-gears, continued refurbishment and enhanced amenity provision. With new build rents soon expected to reach £50 psf, given the location, a quality refurbishment should be attracting rents up towards £40.00 psf.