City Centre Commercial Unit With Long Lease
Manchester, Greater Manchester
£1,500,000

Net
Gross
Finance

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North Central is a stunning modern development superbly located within the 800m NOMA district on the fringe of the trendy Northern Quarter in Manchester city centre.

We now exclusively have available for sale the commercial unit on the ground floor of the development, currently leased to the Co-op on a 10 year, Full Repair and Insurance (FRI) lease, providing an excellent yield of 4.33% with a rent review every 5 years.

The development was part of a successful partnership with the Assetz Group: Assetz Capital provided the funding for the scheme, Assetz Property sold all of the units with Cherish Property letting and managing the apartments.

Location

 

NOMA is an 800 million, 20-acre mixed-use redevelopment scheme and is the largest development project in North West England ahead of developments such as MediaCityUK and Atlantic Gateway.

The development, opposite the Moda Living Angel Gardens, is a 64-unit scheme designed by Stockport Architects Cartwright & Gross comprising of 40 2-bed and 24 1-bed apartments with ground floor retail and basement parking.

The development provides fabulous new homes in a sustainable location integrating creative design and the highest quality materials and which, along with Angel Gardens, completes the frontage to Angel Street, now a major access route through the City.




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Risk Warning and Disclaimer:

The price of property can go down as well as up. Historic performance should not be taken as a guarantee of future performance. Geared property investment with mortgages can increase risk of losing money as well as increasing the possible gains. Mortgage products referred to in the website can be withdrawn by the lender or have rates or other terms changed without notice and reference to any products does not imply they are certain to be available in the future. Mortgages referred to may also have certain applicant restrictions and are for indicative purposes only although reasonable endeavours have been used to ensure that they are available at the time of publication and are applicable to a significant number of our purchasers. This site is for information purposes only and nothing on this site should be taken as definitive investment advice for your particular situation without you seeking additional guidance directly from ourselves or from other finance and property professionals. Property particulars on this site do not form part of an offer or contract. The developer and Assetz Property Ltd, whilst endeavouring to ensure complete accuracy in these property particulars, cannot accept liability for any errors. Valuations of property or indicated rents achievable are either estimated or derived from valuations and/or comparables and can change and should not be relied upon without your own additional valuation and research, but we have carried out reasonable endeavours to achieve accurate indications for these figures. All descriptions, dimensions, areas, reference to condition and, if necessary, permissions for use and occupation and their details, are given in good faith as provided by the developer and are believed to be correct. However, these are subject to change, especially, but not wholly, relating to any property that is off-plan or not yet complete. Any intending purchaser should not rely on them as statements or representations of fact but must satisfy themselves by inspection or otherwise as to their accuracy. The onus is on each individual investor to undertake their own due diligence, enquiries and inspections. Where shown, net yields are calculated as rental income less expected service charges less expected ground rent as a percentage of the property price. No void periods, optional letting agent costs, repairs or other costs are deducted. Our standard Terms and Conditions of Sale will apply. E. & O. E.