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Lansdowne House, Didsbury


Size
7,094 sq ft
Tenant
Multi-let
Value
£2,580,000
Yield
7.00%

Property description

A prime multi-let high street retail parade in a highly sought after location, situated in the affluent South Manchester suburb of Didsbury, one of Greater Manchester’s most desirable residential locations.  The property comprises and attractive parade of 7 ground floor retail units, extending to 7,094 sq ft, with additional basement and garage accommodation on a self-contained site. Additional residential apartments are located to the upper floors, which have been sold off on long leases.

The property is fully let and produces £192,230 per annum with an AWULT of 5.61 years (5.07 years to break).  The leases are drafted on FRI terms through the service charge.