Under Contract

Atlas Business Park, Manchester Airport

Atlas House Atlas Business Park, Manchester, Greater Manchester, M22 5PR, UK

Atlas Business Park, Manchester Airport_Property for Sale


Atlas Business Park, Manchester Airport 2_Property for Sale

Asset Description

Atlas Business Park provides 208,309 sq ft of high-quality office accommodation arranged in 4 buildings across 15 acres within the Airport City Enterprise Zone.


Asking Price
Building area Net
19,353 m²
Year built
Property Reference Number
Cap Rate

Investment Highlights

  • A compelling opportunity to acquire one of Manchester’s most established office parks.
  • Excellent and unrivalled transport connectivity.
  • Part of the Airport City Enterprise Zone, a hugely successful government initiative, substantially increasing the appeal to potential tenants.
  • Let to an excellent tenant line up including Vodafone, Mitie, Bowmer & Kirkland, EMCOR, The Civil Aviation Authority, Freedom Finance and Bureau Veritas.
  • The total income is £3,732,378 per annum reflecting an average rent of only £17.63 psf and therefore offering outstanding rental growth prospects.
  • The average weighted unexpired lease term (WAULT) is 7 years to expiry and 5.5 years to earliest termination.
  • Significant asset management potential to improve the letting profile and substantially increase the rental tone.

We are seeking offers in excess of £38,850,000 (Thirty Eight Million, Eight Hundred and Fifty Thousand Pounds) subject to contract and exclusive of VAT. A purchase at this level would reflect the following yield profile.

Net Initial Yield 9.0%

Reversionary Yield 9.6%

Low Capital Value of only £187 psf

Atlas Business Park, Manchester Airport 4_Property for Sale
Atlas Business Park, Manchester Airport 4_Property for Sale

Contact brokers

Similar properties

View moreChevron Right
Do you have any questions? visit our FAQ page
View FAQ PageArrow Right
JLL can help you finance and manage your portfolio. Email us today to see how we can help achieve your ambitions.
Last updated
30 Nov 2022