Croxley House

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

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