Property description
A rare opportunity to acquire a prime newly built, South Manchester MLI Estate in Altrincham, just 5 miles from Manchester Airport and 8 miles from Manchester City Centre.
Comprising 206,121 sq ft across 25 well-specified units (2,080 – 41,738 sq ft) and has been built to a high specification, built to BREEAM Very Good and EPC A.
The property is 67% let or under (in sq ft) producing a headline rent of £2,528,938 pa (£9.02 - £16.08 psf) and an ERV of £2,824,269 pa (£13.00 - £16.00 psf) .
The purchase price of £43.06M reflects a NIY of 5.50%, RY of 6.14% and a capital value of £209 per sq ft.
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