One Marsden Street

1. The building comprises 67,962 sq ft of high specification office accommodation across 11 upper floors.
2. 100% Electric HVAC system which was upgraded in 2024.
3. Optimal floor plates of c 6,000 sq ft which subdivide easily - to accommodate 75% of occupational demand in the city.
4. The building is well let to several professional occupiers including BGF, Cushman & Wakefield, Knight Frank and Newmark.
5. The property has a WAULT of 3.5 years to expiry and 2.7 years to break.
6. The building is 100% occupied.
7. The total passing rent is £2,112,161 pa reflecting a low average rent of £29.84 per sq ft.
8. ERV of £3,175,227 pa providing exceptional reversionary potential.
9. Manchester is a tightly constrained major office market with New Grade A vacancy rate of only 1.4%.
10. Prime Manchester rents are forecast to be £56 per sq ft in 2027 when the next lease events occur.

We are instructed to seek offers in excess of £22,600,000 (Twenty Two Million Six Hundred Thousand Pounds). A purchase at this level reflects a net initial yield of 8.75%, reversionary yield of 13.16% and a capital value of £333 psf after deducting standard purchaser's costs of 6.8%.