Ardwick Portfolio - 5, 10 & 12 Pittbrook Street, And 2 Midland Street, Ardwick, Manchester
£84.61 per sq ft
Business rates & charges may apply
- SIZE AVAILABLE
34,867 sq ft
3,239 sq m
- SECTOR
Commercial property for sale
Key features
- Fully let to 4 occupiers generating a passing rent of £206,897 per annum, reflecting a low average rent of £5.68 psf
- WAULT to break 2.88 years and 5.16 years to expiry
- We are instructed to seek offers in the region of £2,950,000
- NIY of 6.56%. Reversionary Yield 8.33%+ Low Capital Value of £84 psf
Description
2 Midland Street - an end terrace industrial / warehouse unit of steel portal frame construction providing 7,902 sq. ft. of Gross warehouse accommodation with internal office space and mezzanine storage.
5 Pittbrook Street - a detached industrial / warehouse unit of steel portal frame construction providing 7,740 sq. ft. of Gross warehouse accommodation with internal office and amenity space.
10 Pittbrook Street - a traditional office building arranged over basement, ground and two upper floors. The accommodation provides approximately 12,310 sq. ft. of open place and cellular office space, fitted out to a good standard.
12 Pittbrook Street - a converted coach house providing refurbished workshop / warehouse accommodation with integral first floor office space.
Combined, the portfolio provides 34,867 sq. ft. of accommodation.
The space is fully let generating a combined income of £206,897 per annum, reflecting a low average rent of £5.68 per sq.ft.
Brochures
Ardwick Portfolio - 5, 10 & 12 Pittbrook Street, And 2 Midland Street, Ardwick, Manchester
NEAREST STATIONS
Distances are straight line measurements from the centre of the postcode- Ardwick Station0.1 miles
- New Islington Tram Stop0.6 miles
- Holt Town0.6 miles
Notes
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