£1,550,000 /Sale price

Ground & First Floor, Quebec Building, Bury Street, Salford, M3 7DU. Strategically positioned on the periphery of Manchester city centre. Only a 10 minute walk to key amenities, Metrolink stops, Salford Central & Manchester Victoria Railway stations. 14 fully fitted & furnished suites with shared meeting room, kitchen & breakout area. Fully let investment offering secure income with reversion on the rents. Gross Income of £166,739 per annum & Net Current Income of £140,756 per annum (after net operating costs of c. £25,982 per annum). We have been instructed to seek offers in excess of £1,550,000 subject to contract and exclusive of VAT, for our clients long leasehold interest. A purchase at this level reflects a Gross Yield of 10.14%, Net Initial Yield of 8.56% and a capital value of £267 per sq ft.