Prime South Manchester Business Park

Opportunity to acquire a high quality office investment occupying a prime location in South Manchester. Located in Greater Manchester, the cultural and economic capital of the North of England Prominently situated immediately adjacent to Manchester Airport, and set to benefit from the significant Mix Manchester development. A purpose built office park comprising 4 Grade A office buildings providing a total of 189,558 sq ft. The park benefits from a strong mix of existing tenant commitment, and short-medium term asset management opportunities. 94% let to 4 tenants producing a passing rent of £3,032,194 per annum, reflecting a low average rent of just £17.21 psf. Average unexpired lease term of 7.1 years to expiry and 4.5 years to the earliest tenant break options. Rolling landlord break option on Building 3000 (Regus), providing an opportunity to drive rental growth or re-purpose the asset. 9.13 acre site, with strong underlying industrial land values. Total Contracted Income of circa £21,600,000 to lease expiry.