Ground Rent Investment Opportunity – Manchester
Etrop Grange Hotel, Thorley Lane, Manchester, M90 4EG
22,571.92 sq ft
• Secure long let commercial ground rent investment.
• Well located modern 71-bedroom hotel close to Manchester International Airport and immediately adjacent to the M56.
• Excellent EPC rating of A.
• Let to Landa Corporation Limited for a further 118 years at a current ground rent of £92,032 pa.
• Rent subject to review on 5th October 2026 and ﬁve yearly thereafter to RPI, collared at 1% and 5% per annum.
• Passing rent equates to a very low £1,296 per room per annum.
• Offers in excess of £1,975,000 (One Million Nine Hundred and Seventy Five Thousand Pounds), subject to contract, for our client’s freehold interest. A purchase at this level reﬂects a net initial yield of 4.39% after purchaser’s costs of 6.27%.
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