We have just been instructed to dispose of the landmark Cheetham Hill property known as “The Point”.
The Point is a prominent 24,000-square-foot detached, three-story office and retail building constructed in 2009 that is currently let to a number of users, including Habib Bank, which currently produces a gross income of £255,000 per annum.
Fronting onto Cheetham Hill Road opposite Manchester Fort Shopping Park, this is one of the highest-profile spots in Cheetham Hill.
Stuart Cooper, director of Roger Hannah, commented:
“This building is a real gem situated in the ever-popular Cheetham Hill area and represents a real opportunity for investors to add value via pro-active asset management and lettings. We envisage that the rental income could be increased to well in excess of £300,000 per year with the correct management strategy.
The building benefits from excellent specifications, as you would expect, including air conditioning, raised floors, two . passenger lifts, and onsite parking. However, the real selling point is that the building also provides an extensive roof terrace with 360-degree views of Manchester, a real USP, giving occupiers a great place to relax and unwind, especially if the current heatwave continues!”