Significant asset management opportunities and scope to improve income profile
Substantial site area of c. 7.6 acres
Current net rent of £524,872 pa
Offers over £3.5m
NIY of 14.08%
Low capital rate of £20.73 psf
Overview
Manhattan Works is a former Jute Mill originally constructed in 1873/1874. The property was extended and expanded over the years until 1995 when operations ceased. Manhattan Works has now been adapted into a thriving multi-use property offering accommodation to a diverse range of occupiers and businesses serving the local community and beyond. Accommodation / unit sizes range from 500 sq ft to 78,000 sq ft and onsite uses vary from storage & distribution, to manufacturing, and retail and leisure.