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Commercial Property

Prominent offices close to Manchester Piccadilly handed near £55m price tag

Occupiers include Carfinance247, SoftCat and Global Banking School

Universal Square, Manchester(Image: CBRE)

A prominent office building near Manchester Piccadilly Station has been put up for sale with a price tag of almost £55m.

Universal Square includes 255,000 sq ft of office space across five inter-linked buildings, together with associated facilities including a gym, restaurant, meeting rooms and business centre with more than 830 car parking spaces.

It is being sold by MCR Property and its occupiers include Carfinance247, SoftCat and Global Banking School.

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Other tenants include Supreme Child Care, RMB Solicitors, First Choice Accountants, Mobile 9 Workshop and Albaaz Security.

CBRE's Manchester-based investment properties team is marketing the building and seeking offers in excess of £54.68m

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Colin Thomasson, CBRE executive director, investment properties, said: "Universal Square offers excellent investment potential through its highly competitive rental position and strong performance, as well as great tenant retention.

"The campus has secured in excess of 135,000sq ft of lease re-gears and lettings in the last two years alone which is testament to its attractiveness to occupiers. The value-add potential is significant and we look forward to entering into discussions with interested parties."