101 Embankment Chapel St
Salford M3 7NJ
Office Property For Sale
INVESTMENT HIGHLIGHTS
- Striking Grade A Property
- Multi-Storey Car Park in Basement
- Double Height Reception
EXECUTIVE SUMMARY
Developed in 2017, 101 Embankment provides an outstanding opportunity to acquire a prime, multi let Grade A office with excellent capital growth potential. Embankment occupies a commanding position overlooking Manchester city centre, within immediate proximity to Manchester Victoria. Held Long Leasehold for a term of 250 years from 1 July 2014 at a peppercorn rent.
PROPERTY FACTS Under Contract
Sale Type
Investment
Property Type
Office
Tenure
Long Leasehold
Building Size
170,660 SF
Building Class
A
LoopNet Rating
4 Star
Year Built
2017
Price
£80,000,000
Price Per SF
£468.77
Net Initial Yield
8.45%
NOI
£6,760,000
Percent Leased
79%
Tenancy
Multiple
Number of Floors
11
Typical Floor Size
15,515 SF
Building FAR
8.34
Lot Size
0.47 AC
Parking
422 Spaces (2.47 Spaces per 1,000 SF Leased)
AMENITIES
- 24 Hour Access
- Property Manager on Site
- Raised Floor
- Restaurant
- EPC - B
- Storage Space
- Bicycle Storage
- DDA Compliant
- Demised WC facilities
- Lift Access
- Reception
- Shower Facilities
- Suspended Ceilings
- Air Conditioning
