Manchester Business Park has been brought to market with a guide price of £19.5m, in a move led by Savills on behalf of fixed charge receivers.
Located near Manchester Airport on Aviator Way, the 190,000 sq ft campus-style development comprises four office buildings and is currently 94% let, generating £3m+ in annual rental income. The asking price reflects a net initial yield of 14.57%, with £21.6m in total contracted income to lease expiry.
The average unexpired lease term is 7.1 years, with 4.5 years to earliest break. Tenants include PZ Cussons, Costain, Regus, and Emirates, though it’s understood the airline has recently reduced its occupancy.
The scheme occupies a 9.13-acre site close to Junction 5 of the M56 and the emerging £1bn MIX Manchester development zone, which received strategic planning backing in late 2024. The land has strong underlying industrial values, adding to its investment appeal.
Originally developed by Goodman, the park was acquired by Dimah Investors, a Kuwaiti fund managed by Al Imtiaz Investment Group, for £54m in 2018, at a yield of 6.15%.
The sale comes amid high investor interest in assets offering robust income streams and strategic location advantages, particularly around key transport and regeneration hubs.
