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11-13 Piccadilly 19,958 SF 100% Leased Retail Building Manchester M1 1LZ $11,077,893 ($555.06/SF) 6.78% Cap Rate
EXECUTIVE SUMMARY
The vendor is seeking offers in excess of £8,300,000 (Eight Million Three Hundred Thousand Pounds), subject to contract, for the benefit of the freehold interest in the subject
property. The price reflects a net initial yield of 6.78% on the current income and a reversionary yield of 7.75%, net of standard purchaser’s costs at 6.67% and a low capital value of £416 per sq ft.
property. The price reflects a net initial yield of 6.78% on the current income and a reversionary yield of 7.75%, net of standard purchaser’s costs at 6.67% and a low capital value of £416 per sq ft.
PROPERTY FACTS
Sale Type
Investment
Property Type
Retail
Tenure
Freehold
Property Subtype
Storefront
Building Size
19,958 SF
Building Class
B
Year Built
1755
Price
$11,077,893
Price Per SF
$555.06
Cap Rate
6.78%
NOI
$751,081
Percent Leased
100%
Tenancy
Multiple
Building Height
6 Stories
Building FAR
1.78
Lot Size
0.26 AC
AMENITIES
- Storage Space
- Air Conditioning
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NEARBY MAJOR RETAILERS
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MATTERPORT 3D EXTERIOR
MATTERPORT 3D TOUR
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STREET VIEW
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11-13 Piccadilly
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