Retail/Shop for sale Manchester M1 4FD,15577sq ft

1/4

Retail/Shop

Retail/Shop For Sale Manchester

PROPERTY ID: 130633

PROPERTY TYPE

Retail/Shop

STATUS

Available

SIZE

15,577 sq.ft

Key Features

Part ground and uppers are fully vacant in shell form and suitable for redevelopment.

May suit a variety of uses eg Boutique Hotel, Aparthotel, Apartments, Clinic etc (STP)

£58,925pa rental income from 2 tenants over part ground floor & basement

Prime location in the heart of Manchester City Centre

Property Details

The Property Is Located On The South West Of Charlotte Street At Its Junction With Faulkner Street In The Heart Of Manchester City Centre. Piccadilly Gardens Is Within Close Proximity And Provides Easy Access To Transport Links Including Metrolink And Bus Services. Piccadilly Train Station Is Less Than 0.5 Miles To The East. The Property Sits On The Edge Of China Town Which Boasts A Wide Range Of Long Established Restaurants. All City Centre Shops, Hotels, Restaurants, Bars Etc Are Within Close Proximity. The Property Comprises A Grade Ii Listed Five Storey, Mid Terraced Brick Built Period Building. The Accommodation Is Arranged Over Basement, Ground Floor And Four Upper Floors. Part Ground And The Upper Floors Are All Vacant In Shell Form And In Need Of Redevelopment. In Terms Of Occupational Tenants, Part Ground Floor Is Occupied By Yuzu A Well Established Japanese Restaurant Where Terms Have Been Agreed For A New 10 Year Lease At £20,425pa. The Basement Is Occupied By A Karaoke Bar T/a Vina Karaoke On A 14 Year Lease From 1st September 2023 At A Rent Of £38,500pa. The Total Passing Rent Is £58,925pa. Further Lease Details Contained Within Datalink Available On Request. Planning Opportunity Part Ground And Uppers Are Fully Vacant In Shell Form And Suitable For Redevelopment. Our Client Has Secured Planning And Listed Building Consent For The Conversion To High End Character Offices As Follows: Listed Building Consent For Internal And External Alterations In Association With Renovation Of Existing Office Accommodation Within The Building Including Installation Of Internal Lift, New Windows, And Internal Reconfiguration. Planning Ref 136926/lo/2023. Our Client Has A Project Team In Place And The Refurbishment Works Have Been Fully Tendered Making This A 'ready-to-go' Opportunity. Further Details Can Be Provided On Request. The Property Would Also Suit A Variety Of Uses Eg Apartments, Boutique Hotel, Serviced Apartments, Aparthotel, Education, Clinic (all Subject To Obtaining Any Necessary Consents). An Apartment Scheme Was Designed And Granted Planning In 2016 (now Lapsed) As Follows: Conversion Of Existing Warehouse To 12no. Self-contained Apartments With Common Areas And Boundary And External Treatments. Planning Ref: 110785/fo/2015/c2.

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About the Agent

W T Gunson Chartered Surveyors

See Agent's Other Properties

Retail Unit

£2,750,000 Freehold

Lindencourt House,34 Charlotte Street, Manchester, M1 4FD

Retail/Shop - Available
15,577 sq ft
1,447 sqm

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