MCR PROPERTY GROUP LISTS MANCHESTER OFFICE CAMPUS ON THE MARKET
Universal Square, a 258,000sq ft office complex in Manchester, is now on the market. MCR Property Group acquired the asset in 2015, and after significant upgrades and refurbishments, have now listed the large complex for £54.7m. At the asking price, deals will offer an initial net yield of 7.15%.
The development which spans across 5 interlinking buildings is currently 98% let, with tenants including Carfinance247, Uber, Softcat and Global Banking School.
The campus boasts a 6.5 acre site, and includes a variety of communal facilities such as an on-site café, gym, refurbished gardens and a large secure parking area. The site is perfectly situated on the cusp of Manchester City Centre with just a 15 minute walkaway from Piccadilly Station and local shops and amenities nearby.
An acquisition of Universal Square will present a range of value-add opportunities.
Find out more about Universal Square here.