Superdrug, Manchester

Nuveen Real Estate

Client

£555,000 p.a.

Income

32

Years to Expiry

A large freehold retail unit let to Superdrug in the heart of Manchester city centre was sold by Nuveen Real Estate for £8m, reflecting a yield of 6.5%.

The four-storey property is in an unrivalled location between the premier retail thoroughfare of Market Street and the busy transport interchange at Piccadilly Gardens. It sits adjacent McDonald’s and close to the flagship Primark store.

Currently split into two units, following a subletting to Greggs in 2012, there is potential for development of the property’s under-utilised upper parts.

Prime Retail advised Nuveen in the sale to The Thackeray Estate.

For more information, please contact:

Bradley Maher

020 7016 5348

07827 686461

bradley.maher@primeretailproperty.com