Secure Office Investment Let to Centrica Plc, 97 Talbot Road, Old Trafford, Manchester, M16 0TW

- Well secured office investment let to Centrica plc.
- Corporate HQ office situated within Old Trafford, 2 miles south west of Manchester city centre.
- Three storey office of approximately 92,000 sq ft having excellent on site car parking for 389 cars. (1:236 sq ft).
- Let to Centrica plc (occupied by British Gas) at a rent of £XXX per annum. A new reversionary lease has been agreed with the tenant who have occupied the property since 2000.
- New reversionary lease for a term of 10 years from March 2015.
- Low passing rent equating to £XXX per sq ft.
- The property is occupied by British Gas for their ‘’ Home Move’’ division for the whole of the UK.
- Tenant about to start a major refurbishment programme upgrading their space highlighting their commitment to the property.
- Large site offering redevelopment opportunity for a mixture of potential uses.
- Offers in excess of £XXX (Seventeen Million and Ten Thousand Pounds) subject to contract and exclusive of VAT which represents an attractive net initial yield of 7% assuming acquisition costs of 5.8%.