Prime high street investment opportunity let to outstanding covenants

Manchester is the UK’s primary financial and business centre outside of London. Rare opportunity to purchase a retail asset within 200ft of Manchester’s prime pitch situated between three of Manchester’s busiest retail pitches; Market Street, Deansgate & New Cathedral Street. The property is an attractive traditional terraced building constructed with a masonry and steel with recent internal refurbishment. The scheme is arranged over ground, first and second floors plus a basement across two self-contained retail units. The property is fully-let to Ashworth & Parker (Creditsafe 97/100) trading as END. and national multiple Oliver Bonas (Creditsafe 96/100). Passing rent of £565,000 per annum with a WAULT of 9.2 years to expiries. Oliver Bonas have just agreed a reversionary lease extending their term by 5 years showing their commitment to the location.