7-9 Piccadilly, Manchester, M1
Manchester was recently ranked as the 3rd best city in the world and the best city in Europe for business.
The City has a primary retail catchment of over 7.2 million and a £78.7 billion economy.
Prime Major City retail investment opportunity, with planning consent for redevelopment upside to enhance returns.
Located on one of the busiest retail pitches in the UK, with an average daily footfall of in excess of 100,000 people.
The existing building totals 25,367 sq ft NIA
Principally (83%) long let to Superdrug Stores Plc on a regeared lease until September 2032.
Superdrug Stores Plc is the second largest health and beauty retailer in the United Kingdom and as a covenant has the very strongest Dun & Bradstreet score of 5A1.
Total passing rent of £630,000 per annum.
WAULT – 8.9 years (7.6 years including break).
Planning granted for partial demolition of the upper floors to provide a six-storey office scheme, including a roof terrace above the retained commercial units.
Further development upside in the upper parts with strong hotel conversion potential.
Freehold.
Contact
Please contact us for further information regarding any of the acquisitions on our site.
Jamie Baruch
07889 085 112
jamiebaruch@tydusre.com
Will Elphinstone
07876 131 346
willelphinstone@tydusre.com
Freddie Dade
0792 932 1709
freddiedade@tydusre.com