Smith Price - Manchester, 10a Cromford Court, Arndale Shopping Centre

Date: 08 Mar 2010

Retail unit let in Manchester shopping centre.

Manchester (10a Cromford Court, Arndale Shopping Centre) offers a ground floor sales of 390 sq.ft. and has been acquired on the basis of a new ten year lease subject to an upward only rent review at the end of the fifth year at a commencing rental of £60,000 p.a. excl.

The tenant, ShakeAway Ltd, received a rent free period of 14 months. The lease is subject to a tenant's only option to determine at the expiry of the fifth year of the term, subject to six months prior written notice.

ShakeAway Ltd were advised by Smith Price LLP, whilst the landlord, Prudential Property Investment Managers, was advised jointly by Tushingham Moore, CBRE and Lunson Mitchenall.

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