Norfolk House_Propriété à vendre
Norfolk House_Propriété à vendre
Norfolk Street, Manchester, Greater Manchester, M2 1DH, UK

Norfolk House

Description de l'actif

Outstanding opportunity to reposition or redevelopment the asset for office or alternative uses.

...

Points forts de l'investissement



• Manchester is considered the UK’s Second City and the economic and cultural capital of the North of England.

• Norfolk House comprises a 54,127 sq ft office building, arranged over ground and 4 upper floors, with a two-storey basement car park accommodating 48 parking paces.

• Occupying a prominent position in the heart of Manchester’s Central Business District, totalling 0.31 acres.

• The existing building forms a key strategic site, occupied at a low density, providing the opportunity to substantially increase the massing in the future.

• Multi-let to 3 tenants, generating a total income of £365,235 per annum (reflecting a low average rent of £20.51 psf).

• No guarantees are to be provided on the vacant space, allowing the possibility to immediately improve the running yield.

• There are numerous opportunities to add value and drive both the income and the capital value via;

− Repositioning of existing – Undertake a phased refurbishment to reposition the existing office space to meet current occupier expectations.

− Redevelopment – The prime location combined with robust cross-sector demand, would support an office, residential or hotel redevelopment.

• Freehold.


Offers are invited in excess of £8,500,000 (Eight Million Five Hundred Thousand Pounds) subject to contract and exclusive of VAT.


A purchase at this level reflects attractive low capital value of £157 psf, substantially below replacement cost.

Attributs

Superficie du bâtiment nette
5 029 mètres carrés
Occupation
27 %
Superficie du terrain brute
0,13 ha
Stratégie d'investissement
Ajout de valeur
Prix demandé
14 806 000 $

Contactez les courtiers

Norfolk House (0 Propriétés)
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Dernière mise à jour
16 mai 2024