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Morgan Leahy property investment group

Manchester - The Development

Prominently situated on King Street one of the city's key retail streets, often referred to as the 'Bond Street of the North'

Financial Summary

The Body Shop International PLC www.thebodyshop.com

This property is let to The Body Shop International PLC. For the year ended 28th February 2004, The Body Shop reported a turnover of £381,000,000, pre-tax profits of £28,500,000. The company is listed on the London Stock Exchange and has a market capitalisation of £371,000,000.

The property is registered for VAT, and therefore VAT will be payable on the purchase price.

We understand the property lies within an area which is exempt from stamp duty land tax, but would advise that perspective purchasers make their own enquiries in this regard.

We are instructed to seek offers in excess of £3,750,000 which will reflect a net initial yield of 5% and a reversionary yield of 5.3%, assuming purchasers costs of £10,000.


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Morgan Leahy Property Investment Group   info@morganleahy.com

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