25,185 Sq Ft
(2,340 Sq M)
Pollard Street, Manchester, Manchester City Centre, M4 7DBSATNAV REF: M4 7DB M4 7DB
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Cutting edge design, modern Grade A office with ground floor retail.
Well located on Manchester's inner ring road with excellent rail and Metro Communication Links.
25,185 sq. ft. (2,340 sq. m.) with attractive 5,261 sq. ft. (489 sq. m.) floor plates.
42 Onsite car parking spaces (1:600 sq. ft.)
Let to Kacoo Fashion Limited for 6 years from 15th February 2016 on FRI terms.
Kacoo Fashion has a Dun Bradstreet rating of 2A2
Rent of £402,100 per annum breaking back to a modest £16.31 per sq. ft. inclusive of cars.
Highly reversionary. Grade A CPD offices now letting at £32.00 / £34.00 per sq. ft. and nearby refurbished buildings now targeting rents in excess of £20 per sq. ft.
Major development activity within close proximity will continue to enhance the immediate location.
Asking price £5,200,000 (Five Million Two Hundred Thousand Pounds) representing a Net Initial Yield of 7.25% assuming standard purchasers costs of 6.6%.
A purchase at this level reflects a low capital value of £181 per sq. ft. assuming cars at £15,000 per space.