Address:
- Croxley House, Lloyd St, Manchester
Size:
- 30,000 sqft
Project:
- Acquired partially vacant city centre office and leisure mixed use investment
- Back to Back letting of vacant office space to G&J Distillers, producers of Greenalls Gin
- Asset management of occupied space within the building, through lease renewal and rent reviews
- Disposed of Low-Rise adjoining warehouse to occupier on 999 year lease
Success:
- Rent Passing at Acquisition: £334,000pa
- Current Rent Passing: £414,000pa
- Lettings include PRP Architects, Venn Group, G&J Distillers and Mediaforce
- WAULT when fully let 5.7 years
- Negotiated surrender of car parking spaces and planning change of use to allow for occupation by G&J Distillers
