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11-13 Piccadilly 19,958 SF 100% Leased Retail Building Manchester M1 1LZ $15,292,508 CAD ($766.23 CAD/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 Pending
Sale Type
Investment
Property Type
Retail
Tenure
Freehold
Property Subtype
Storefront
Building Size
19,958 SF
Building Class
B
Year Built
1755
Price
$15,292,508 CAD
Price Per SF
$766.23 CAD
Cap Rate
6.78%
NOI
$1,036,832 CAD
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
1 of 4
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11-13 Piccadilly
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