Sale’s Jackson House bought for £14.5m

The 125,000 sq ft South Manchester office, now in the hands of a private buyer, has one of the largest floorplates in the city and has emerged from a multi-million-pound refurb by CEG.

On-site amenities after a refurb at the Sibson Road office include a fully fitted restaurant, a £2.2m reception and café, and a gym.

Suites can be offered from a single 500 sq ft spot to a whole floor of roughly 29,100 sq ft.

Jackson House, sold for £14.5m, has a net initial yield of 12.4%, with rates at £116 per sq ft.

The office block is 60% let. Close Brothers, IBM, Moffats Partnership, Design Projects, and Sesame Bankhall Group are just some of the current tenants.

Jackson House was refurbished by CEG, which began in 2021.

Lambert Smith Hampton, alongside Savills and Canning O’Neil, has been retained as the letting agent. Savills acted on behalf of the vendor for the deal.

LSH acted as joint agent with local firm Thomas Willmax, representing the buyer, a private family office.

Simon Marshall, director at Lambert Smith Hampton, said: “Jackson House is one of the best performing office assets in south Manchester, with market-leading end-of-journey amenity provision.

“The high-quality EPC A sustainability-focused specification provides accommodation across a range of sizes and at less than half of Manchester city centre’s quoted rents.

“With a strong residential underpin, the asset will provide long-term security to our client.”

• BOOK NOW: Life Sciences Update 2025

Raheem Yacoob, director of Thomas Willmax, added: “This is a significant purchase for our client, and they now intend to focus on letting the empty space and cementing the position of the building as one of the most significant workspaces on the A56 South Manchester corridor.”