Turing House, 5 Archway, Manchester, Greater Manchester, M15
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- SIZE
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- SECTOR
Office for sale
Key features
- Low capital value, reversionary multi let office investment in Manchester
Description
- 90% occupied
- Excellent position on main access route to Manchester city centre
- Part of major Manchester data centre cluster
- Large 2.2 acre site
- Multi-let to quality tenants: Manchester Metropolitan University, Iomart Managed Services Limited, M247 UK Limited, Bell Munro Consulting
- 3,265 sq ft currently vacant (no rental guarantee)
- Current gross rent: £640,490 pa
- Ground rent: £47,808 pa
- Net passing rent: £592,682 pa
- Estimated rental value (ERV): £970,934 pa
- Long leasehold (125 years from May 25, 2000)
- Exceptional parking ratio of 1:275 sq ft (128 spaces)
- Current average office rent only £17.67 psf
- Significant reversionary potential (prime Manchester rents achieving £44+ psf)
- New build developments quoting £50+ psf
- Long-term opportunity for high-rise student/residential redevelopment on the 2.2 acre site (subject to planning)
Brochures
Turing House, 5 Archway, Manchester, Greater Manchester, M15
NEAREST STATIONS
Distances are straight line measurements from the centre of the postcode- Deansgate Station0.7 miles
- Manchester Oxford Road Station0.7 miles
- Cornbrook Tram Stop0.9 miles
Notes
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