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