50-56 High St - Storefront Retail/Residential FOR SALE


Manchester, GTM M4 1ED
$600,000 USD
161-833-9797
50-56 High St, Manchester, GTM for Sale
$600,000 USD
Storefront Retail/Residential - FOR SALE
1/6
null | 7.8% Cap Rate

50-56 High St
Manchester, GTM M4 1ED


HIGHLIGHTS

  • Solely let to ‘Xpression MCR Ltd’ on a new 10 year effective FRI lease
  • Attractive net initial yield of 7.8%
  • Headline rent of £49,000 pa
  • Busy city centre location

OVERVIEW

The property is a modern ground floor unit situated beneath a new build residential development on the east side of High Street, in the heart of Manchester City Centre. The entrance to Manchester’s Arndale Shopping Centre is situated directly opposite. High Street forms the busy walkway between Market Street (the main pedestrianised high street) and Shudehill Transport Interchange. Internally the unit comprises a spacious open plan sales area and ancillary storage to the rear. The property is held long leasehold for 999 years from 14th October 2002 under the title number GM913158. There is a peppercorn rent payable of £1 per annum.

FOR SALE DETAILS

PRICE

$600,000 USD

PRICE/SF

$304 USD /SF

CAP RATE

7.8%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Storefront Retail/Residential

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2004

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.09 AC

LAND SF

3,920 SF

ZONING

-

APN/PARCEL ID

GM342205,GM422611,GM913158,GM959454,MAN286900

ASK ABOUT THIS PROPERTY

Neale SayleWT GunsonMore Info
161-833-9797

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Neale SayleWT GunsonMore Info
161-833-9797

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.