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01133873378
Properties

Collaborating in logistics, warehouse + industrial property

Status:Available
Address:115 Princess Street, Manchester, M1 3NZ
Type: Office
Size: 1,991 Sq Ft
Price: £975,000
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Contact Details

0113 387 3378
Steven@LM1.agency
07552 476 571
Matt@LM1.agency
07960 708 544

115 Princess Street, Manchester, M1 3NZ

About the property

INVESTMENT CONSIDERATIONS

  • Set over Ground (1,324 sq ft) and basement (667 sq ft)
  • Let on a new 10 year FRI Lease
  • Strong covenant represented by Tenant Beech Holdings Investments
  • Use as a luxury showroom and sales/letting office
  • Prime location which has in excess of 10,000 footfall per day
  • Passing Rent: £50,000 pax
  • Prominently located on the corner of Princess St and Whitworth St
  • NIY of 4.85% assuming purchaser’s costs at 5.72%

115 Princess Street offers 1,991 sq ft across both ground floor and basement levels with direct access on the corner of Princess Street and Whitworth Street.
Constructed in the Victorian era the property has a traditional and well maintained façade incorporating period features and substantial return frontage along Whitworth Street. Internally there is a light well located centrally in the building so natural light penetrates from both side of the property.
Located within Princess Street conservation area