Atlas Business Park, Manchester Airport

Atlas Business Park provides 208,309 sq ft of high-quality office accommodation arranged in 4 buildings across 15 acres within the Airport City Enterprise Zone.

• A compelling opportunity to acquire one of Manchester’s most established office parks.
• Excellent and unrivalled transport connectivity.
• Part of the Airport City Enterprise Zone, a hugely successful government initiative, substantially increasing the appeal to potential tenants.
• Let to an excellent tenant line up including Vodafone, Mitie, Bowmer & Kirkland, EMCOR, The Civil Aviation Authority, Freedom Finance and Bureau Veritas.
• The total income is £3,732,378 per annum reflecting an average rent of only £17.63 psf and therefore offering outstanding rental growth prospects.
• The average weighted unexpired lease term (WAULT) is 7 years to expiry and 5.5 years to earliest termination.
• Significant asset management potential to improve the letting profile and substantially increase the rental tone.

We are seeking offers in excess of £38,850,000 (Thirty Eight Million, Eight Hundred and Fifty Thousand Pounds) subject to contract and exclusive of VAT. A purchase at this level would reflect the following yield profile.

Net Initial Yield 9.0%

Reversionary Yield 9.6%

Low Capital Value of only £187 psf