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Stunning Freehold Office Investment New Islington, Manchester, M4 7Bd an Absolutely Investment

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Stunning Freehold Office Investment New Islington, Manchester, M4 7Bd an Absolutely Investment STUNNING FREEHOLD OFFICE INVESTMENT NEW ISLINGTON, MANCHESTER, M4 7BD AN ABSOLUTELY INVESTMENT INVESTMENT SUMMARY • Cutting edge design, modern Grade A office with ground floor retail • Well located on Manchester’s inner ring road with excellent rail and Metro Communication Links. • 25,185 sq. ft. (2,340 sq. m.) with attractive 5,261 sq. ft. (489 sq. m.) floor plates. • 42 Onsite car parking spaces (1:600 sq. ft.) • Let to Kacoo Fashion Limited for 6 years from 15th February 2016 on FRI terms. • Kacoo Fashion has a Dun Bradstreet rating of 2A2 • Rent of £402,100 per annum breaking back to a modest £16.31 per sq. ft. inclusive of cars. • Highly reversionary. Grade A CPD offices now letting at £32.00 / £34.00 per sq. ft. and nearby refurbished buildings now targeting rents in excess of £20 per sq. ft. • Freehold • Major development activity within close proximity will continue to enhance the immediate location. • Asking price £5,200,000 (Five Million Two Hundred Thousand Pounds) representing a Net Initial Yield of 7.25% assuming standard purchasers costs of 6.6%. • A purchase at this level reflects a low capital value of £181 per sq. ft. assuming cars at £15,000 per space. HOME INVESTMENT SUMMARY MANCHESTER LOCATION / SITUATION AERIAL NEARBY DEVELOPMENT TRANSPORT DESCRIPTION SPECIFICATION ACCOMMODATIONWELCOME DESCRIPTIONTENANCY / TENURE LOCATIONOFFICE MARKET SPECIFICATIONINVESTMENT MARKET ACCOMMODATIONRECENT TRANSACTIONS GALLERYGALLERYFURTHER INFORMATIONCONTACTS AN ABSOLUTELY CITY MANCHESTER Manchester is the centre of a thriving city region and is widely recognised as the second largest economy in the UK after London with a gross value added of £51bn. The city is the centre of economic activity in the North West with a variety of economic sectors represented including 80 of the FTSE100 companies. The Greater Manchester Conurbation has a population of 2.6m and there are approximately 7m people living within an hour’s drive of the city centre. Manchester is particularly renowned for design, media and digital sector businesses and is the second largest hub for creative industries in Europe. The city’s student population of approximately 110,000 is the largest in the UK outside London and provides a steady supply of highly qualified graduate employees to the local labour market. The city has a rich cultural and sporting heritage and is the third most popular UK city for international visitors with a tourist economy estimated to be worth £6.6bn per annum. HOME INVESTMENT SUMMARY MANCHESTER LOCATION / SITUATION AERIAL NEARBY DEVELOPMENT TRANSPORT DESCRIPTION SPECIFICATION ACCOMMODATION TENANCY / TENURE OFFICE MARKET INVESTMENT MARKET RECENT TRANSACTIONS GALLERY FURTHER INFORMATION LOCATION A56 AN ABSOLUTELY A664 A665 BUTLER S T D B R U D T M L 2 R A E 4 E H R 0 L S 6 D P D L O T A A O L A Y H ND T A S W C ITY IN O ST D LOCATION / SITUATION TR R R A Victoria A6 2 6 W 65 A HANOVER ST ST B Y OD T E E S S O SW H N G G JER W SHUDEHILL A EI A Fabrica is located in the New Islington area of Manchester N L L ING E ST ISL TO S G ST W N T R NE Shudehill Interchange O M E G O and fronts Great Ancoats which forms part of Manchester’s SS T O S L A B C T ON A 6 I RR S 6 inner ring road. New Islington is a major regeneration area E 5 U W V UN O T T N H R H I T G W S H Y E E R 2 O N I S adjacent to the Northern Quarter of Manchester City Centre S A66 G T T R A TIB ST E A A R T T which over recent years has been successfully attracting a 5 S A O N CHURCH R OLD MILL P E C ST V O R E A diverse mix of commercial and residential schemes. L T New Islington O S S C T MARK ET ST T S FF T The property is immediately adjacent to an Ibis Hotel which Market Street I S R T TA T D ST S A R S 6 N 6 A RY was constructed at the same time as Fabrica with Ground L E S O 5 L S T O EV E O W P Floor facilities including a Costa coffee shop. T E R A Picadilly Gardens C KI NG ST Mosley Street N G T S KING ST T S S N ST S BR EW N ID IE GE N Y A E O Fabrica has excellent road transport links and is within 4 ST O Y A UC R T R T S A K O 6 D O P S U R E RIN T T N T E C S S M E minutes walk of the New Islington Metro Station and within D S S L S H M T A P S IG IN T S H 103 H U MOSLEY ST 5 L ST easy walking distance of Piccadilly Railway Station. L ST S A I T V S C A H R T T OR LT Piccadilly ME T ON L S E St. Peter’s Square S H T D L A34 A56 PET O ER ST AN Y N FAIRFIELD ST B6405 A635 A O TL D Aerial View R A W X 3 O F 4 O N PO N R S A T A R I D S C D K N H V T S T I U S T R L L Y O E C E T L S W S N S IT T O W H A M O R T W M E S W P O A36 5 L E C H Y Manchester Central A Oxford Road W N IA N A6 U C N A ) M A5103 (M A57 A57 HYDE RD A6 SPECIFICATION A34 O DESCRIPTION XFORD RD TRANSPORT NEARBY DEVELOPMENT FURTHER INFORMATION PRINCESS RD AERIAL GALLERY LOCATION / SITUATION RECENT TRANSACTIONS MANCHESTER INVESTMENT MARKET INVESTMENT SUMMARY OFFICE MARKET HOME TENANCY / TENURE ACCOMMODATION CITY TOWER ST JAMES HOUSE ARNDALE CENTRE ST PETER’S SQUARE MANCHESTER ARENA NEO PICCADILLY GARDENS EXPRESS BUILDINGS MALMAISON HOTEL 1 PICCADILLY NORTHERN QUARTER PICCADILLY PLACE ALDI PICCADILLY STATION PURE GYM CENTRAL RETAIL PARK M&S OUTLET NEW ISLINGTON IBIS HOTEL COSTA COFFEE WALKING TIMES IBIS Hotel ................................................1 minute NEW ISLINGTON New Islington Metro ...........................4 minutes Central Retail Park ...............................5 minutes Pure Gym ................................................6 minutes Northern Quarter ................................10 minutes Piccadilly Station..................................12 minutes Back to location Piccadilly Gardens ...............................15 minutes HOME INVESTMENT SUMMARY MANCHESTER LOCATION / SITUATION AERIAL NEARBY DEVELOPMENT TRANSPORT DESCRIPTION SPECIFICATION ACCOMMODATIONWELCOME DESCRIPTIONTENANCY / TENURE LOCATIONOFFICE MARKET SPECIFICATIONINVESTMENT MARKET ACCOMMODATIONRECENT TRANSACTIONS GALLERYGALLERYFURTHER INFORMATIONCONTACTS AN ABSOLUTELY PROSEPECT The map shows the districts identified in the Strategic Regeneration Framework which indicates that Fabrica will be immediately adjacent to the Piccadilly Central District which will be an area of large office development around public squares interspersed with high rise residential towers and a new city park. There will be a new boulevard providing easy access to both NEARBY PLANNED DEVELOPMENT Piccadilly and HS2 railway stations. Fabrica is within 12 minutes walk of Piccadilly Railway Station which is SRATEGIC Manchester’s principal intercity railway station and the North West destination REQUIREMENTS for HS2. The station and its surrounding area will be subject to a major NEW ISLINGTON HOLT TOWN FRAMEWORK regeneration focus over the next 15 years as a result of the HS2 initiative. PICCADILLY NORTH The regeneration potential of this area has already been recognised with a significant increase in commercial and residential development. Steps are being taken to compulsory acquire properties in order to both accommodate CBD EAST VILLAGE the HS2 link and create a major new regeneration area to provide the following:- • Connectivity associated with a best in class multimodal transport hub. PICCADILLY PLACE PICCADILLY CENTRAL • 4,500 new homes. • 625,000 m² of commercial office space. • 100,000 m² of retail space. NORTH CAMPUS • 1,000 new hotel rooms. MAYFIELD • Numerous high quality public spaces. ARDWICK • A variety of cultural and community use buildings. HOME INVESTMENT SUMMARY MANCHESTER LOCATION / SITUATION AERIAL NEARBY DEVELOPMENT TRANSPORT DESCRIPTION SPECIFICATION ACCOMMODATION TENANCY / TENURE OFFICE MARKET INVESTMENT MARKET RECENT TRANSACTIONS GALLERY FURTHER INFORMATION ABSOLUTELY TRANSPORT AIR RAIL METROLINK ROAD Manchester Airport is the North of England’s The city benefits from two mainline stations, Fabrica is within 4 minutes walk of New Islington Manchester has superb road connectivity intercontinental air link offering over 200 Manchester Victoria and Manchester Piccadilly Metrolink Station which allows passengers with approximately 25% of the UK’s entire international destinations carrying around 22.5m which is the fourth busiest railway station in to travel directly to most destinations on the motorway network running through the region. passengers per annum. the UK with over 23m passengers per annum. network. The recently opened second city Approximately 60% of the entire UK’s population Approximately 46 trains per day run to London crossing has assisted in increasing the capacity is within 2.5 hours drive with excellent with an approximate journey time of 2 hours. across the whole Metrolink system. connectivity to the wider motorway network via the M60 orbital motorway. HOME INVESTMENT SUMMARY MANCHESTER LOCATION / SITUATION AERIAL NEARBY DEVELOPMENT TRANSPORT DESCRIPTION SPECIFICATION ACCOMMODATION TENANCY / TENURE OFFICE MARKET INVESTMENT MARKET RECENT TRANSACTIONS GALLERY FURTHER INFORMATION AN ABSOLUTELY BUILDING DESCRIPTION Fabrica is a building of cutting edge innovation and design constructed in 2013 featuring 4 upper floors of offices with Ground Floor Retail accommodation.
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