15-17 Piccadilly, Manchester, M1
Prime corner unit located in the heart of Manchester, moments from Manchester Piccadilly train station.
Recent open market letting to Five Guys JV Ltd until 2036.
Passing rent of £260,000.
Five Guys now have 140 restaurants in the UK.
Arranged over ground and basement measuring approximately 4,811 sq ft.
Part Ground floor and floors 1-5 have been sold off on long leases.
Trophy building benefitting from an average daily footfall of in excess of 100,000 people.
Manchester is the largest financial and business centre outside of London and is regarded as being the capital of the north, ranked by KPMG as the most competitive business location in Europe since 2010.
Manchester is a vibrant tourist destination, ranked the third most visited city by overseas visitors in the UK behind London and Edinburgh.
Freehold.
The vendor is seeking offers in excess of £4,245,000 subject to contract and exclusive of VAT, for the benefit of the freehold interest in the property. This price reflects a net initial yield of 5.75%, after purchaser’s costs of 6.55%.