Exchange Quay has £32.5m price tag
EXCHANGE Quay, a collection of seven office blocks at Salford Quays, has been put on the market for £32.5m.
Savills has been appointed to handle the sale on behalf of the Exchange Quay Master Trust.
It says the asking price reflects a capital value per sq ft of £75.
The office park has a total floor area of 433,637 sq ft with floorplates ranging in size from less than 1,000 sq ft to 12,300 sq ft. It also has 2,149 car parking spaces.
Current tenants, including Sage UK, Barclays and Scottish Equitable, deliver annual rental income of more than £4m.
Oliver Foster, investment director at Savills, said: “Exchange Quay presents a unique opportunity to acquire a landmark office development that offers a perfect combination of high quality and flexible space with an attractive waterside setting.
“The scheme already accommodates some high-profile occupiers and with approximately 42% currently vacant, Exchange Quay provides immediate asset management opportunities for an investor to add value.”
