long leashold interest acquisition

  • Movers & ShakersRoger Hannah Manchester Office image

    Roger Hannah & Co acquires its Manchester Office.

    Roger Hannah & Co has acquired the long leasehold interest of its offices at Century Buildings, Parsonage Gardens, Manchester. The practice took advantage of an option agreement held with the Landlords, Property Alliance, acquiring the 9,500 sq ft office premises for £1,250,000. The transaction reflected an initial net yield of 9.04 per cent with Roger Hannah & Co being the single occupier paying £119,500 rent pa. Simon Cook, Director, said ‘the acquisition is part of our commitment to make us a force on the local property scene and should enable us to further expand our operations. “

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