Ardwick Portfolio - 5, 10 & 12 Pittbrook Street, And 2 Midland Street, Ardwick, Manchester
Size
34,867
Tenure
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EPC
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Parking
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- Primary use
- Other
- Other use(s)
- Light industrial, Commercial development, Traditional office
No floor / site plan
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.
- Service charge
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- Business rates
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- Use class
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- Listed building
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An Energy Performance certificate helps you understand the current energy efficiency of a property.
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- BREEAM rating
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- Environmental description
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Brochure
Ardwick Portfolio - 5, 10 & 12 Pittbrook Street, And 2 Midland Street, Ardwick, Manchester
About Roger Hannah Ltd, Manchester
With excellent regional and national knowledge, industry contacts and a highly qualified and professional team Roger Hannah & Co has grown to be a successful and dynamic firm of Chartered Surveyors. We believe our success and reputation are due to a strong commitment to hard work, attention to detail, quality and a personal service.
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