Share This Listing

Message

963 characters remaining

Hmm, there seems to have been an error sending your message. Please try again.

Your email has been sent.

Still interested?

Contact the brokers for more information about this property

10 Chapel Walks 71,860 SF 99% Leased Office Building Manchester M2 1HL $21,838,207 ($303.90/SF) 8.75% Cap Rate

Save this listing!

Favorite this listing to get notified of price updates, new media and more

Investment Highlights

  • .

Executive Summary

This is the very rare opportunity to acquire a prime, multi-let office in the heart of Manchester's CBD. The vendor has undertaken a high-quality phased refurbishment, including a comprehensive common area upgrade and installing all-electric VRF on 4 of the 8 floors. The opportunity exists to continue the on-floor refurbishment and access significant headline reversion.

Quoting: £16,130,000 / £300 per sq ft with a NIY: 8.75%.

Property Facts

Sale Type
Investment
Property Type
Office
Tenure
Freehold
Building Size
71,860 SF
Building Class
C
Year Built
1998
Price
$21,838,207
Price Per SF
$303.90
Cap Rate
8.75%
NOI
$1,910,843
Percent Leased
99%
Tenancy
Multiple
Building Height
9 Stories
Typical Floor Size
7,186 SF
Parking
46 Spaces (0.64 Spaces per 1,000 SF Leased)

Amenities

  • 24 Hour Access
  • Security System
  • Energy Performance Rating - E
  • Recessed Lighting
  • Air Conditioning
  • Raised Floor System

Major Tenants

  • Tenant
  • Industry
  • SF Occupied
  • Rent/SF
  • Lease End
  • -
  • 2,438 SF
  • -
  • -

Although aspects of the business date back as earlier than the 1980’s, it was in 1997 that Aitchison Raffety was formed when a number of individual firms came together based between the Midlands and London. In October 2021 the employee buyout created a common goal: to create a company that would be different from any other business out there. They wanted a business where every employee could feel a sense of ownership, where their hard work and dedication would directly contribute to their success. Their employees are the heart and soul of our company, and we believe that empowering them to make decisions is key to their success. How they work with our clients and how they collaborate really matters. They offer a full range of property services and expert advice to support you with all your property needs, including Building Consultancy, Business Rates, Consultancy, Commercial Agency, Lease Advisory, Property & Asset Management, Planning & Development, Sustainability and Valuations.

  • Amicus
  • -
  • 3,218 SF
  • -
  • Sep 2028
  • -
  • 7,073 SF
  • -
  • -

Aviva is a UK-based diversified insurer offering life, general, health and retirement solutions alongside asset-management services through Aviva Investors. The group operates primarily in the United Kingdom, Ireland and Canada, with strategic investments in India and China. Aviva traces its heritage to 1696 via predecessor companies, while the present group was formed in 2000 through the merger of CGU and Norwich Union. The company is publicly listed on the London Stock Exchange under the ticker AV. In recent years Aviva has simplified its portfolio and focused on capital-light growth areas, supported by technology and customer-focused initiatives. A notable milestone was the completion of the Direct Line acquisition in 2025, which the company expects to integrate to reinforce its general insurance position and align with new group targets. Governance is overseen by the Board and delivered by an executive committee spanning UK & Ireland, Canada, Insurance/Wealth/Retirement and Aviva Investors. Aviva emphasizes risk management and sustainability within its strategy.

  • -
  • 6,695 SF
  • -
  • -

Probably the most effective way to gain an understanding of Unitarianism is to attend a worship service. If you find that you respond to the atmosphere, feel welcome and included and react favourably to the ideas and attitudes that are conveyed, you may discover that Unitarianism is for you – in fact, you may come to realise that for a long time you have been a Unitarian without knowing it.

  • -
  • 7,008 SF
  • -
  • Oct 2029

Established in 1978, NES Global Talent is an award-winning workforce solutions specialist that provides candidates across the Oil & Gas, Power and Renewables, Life Sciences, Chemical and Mining sectors worldwide. They provide tailored staffing solutions, sourced from a global talent pool by a dedicated, discipline specific team of consultants. The company was known as NES International, NES Overseas and often simply “NES” before becoming NES Global Talent as part of a re-branding exercise in 2011. The business grew impressively and was sold to AEA Investors in 2012 for £234m, more than three times as much as it was valued six years previously. Since then, they went through a major merger with Fircroft (September 2020) to become NES Fircroft - their combined reach makes them true world-leaders in technical and engineering workforce solutions.

  • -
  • 2,341 SF
  • -
  • -

Founded in 1905, RB Jones is a leader in providing specialty risk coverage solutions to brokers, agents, and wholesalers, including Commercial Marine, Excess Energy, Commercial Property, Professional, Flood, Builders Risk, Terrorism, Inland Marine, and other unique products. RB Jones is a member of the H.W. Kaufman Group, which employs more than 2,000 professionals in over 60 offices across the United States, Canada, Latin America, the United Kingdom, and the European Union.

  • -
  • 6,111 SF
  • -
  • Jul 2033

Thompsons has been fighting for the injured and mistreated for over a century, using the law to keep people safe and change lives for the better. Leading civil rights lawyer, Harry Thompson, established Thompsons Solicitors in 1921 with a vision to use the law to provide protection for working people. Today, that vision lives on in their expert litigation teams who together form the most experienced personal injury and employment practice in the UK.

  • TNEI Group
  • -
  • 3,914 SF
  • -
  • -
  • -
  • 6,037 SF
  • -
  • Mar 2032

Ward Hadaway is one of the UK’s Top 100 law firms and a major player in the North of England with offices in Leeds, Manchester and Newcastle. Ward Hadaway offers a comprehensive range of services delivered to the highest possible standards and are focused on securing the very best for their clients. The firm’s areas of practice include agriculture and the countryside, company and commercial law, Web law, construction and engineering, corporate law, employment, environment, healthcare, information technology, intellectual property, licensing, pensions, private client, prosecutions, public sector and tax.

  • -
  • 7,094 SF
  • -
  • May 2027

Workman is the largest, independent commercial property management and building consultancy firm in the UK. They have specialised purely in these two disciplines throughout their history, offering clients a specialist and focused service. Workman provide professional property management, building consultancy, placemaking and ESG advice to a diverse client base which includes leading institutional, overseas and sector-specialist investors and local authorities. Their own sector-specialist approach ensures that the full potential of their properties and portfolios is achieved and investment objectives are met. Their clients benefit from their technical skills, expertise and commercial approach. They provide strategic commercial advice on the disposal and acquisition of assets and a wealth of complementary advisory services.

Tenant Industry SF Occupied Rent/SF Lease End
- 2,438 SF - -
Amicus - 3,218 SF - Sep 2028
- 7,073 SF - -
- 6,695 SF - -
- 7,008 SF - Oct 2029
- 2,341 SF - -
- 6,111 SF - Jul 2033
TNEI Group - 3,914 SF - -
- 6,037 SF - Mar 2032
- 7,094 SF - May 2027

Space Availability

  • Space
  • Size
  • Space Use
  • Condition
  • Available
  • 1st Fl-Ste A
  • 946 SF
  • Office
  • Partial Build-Out
  • Now

946 SF of office space available at 10 Chapel Walks.

Space Size Space Use Condition Available
1st Fl-Ste A 946 SF Office Partial Build-Out Now

1st Fl-Ste A

Size
946 SF
Space Use
Office
Condition
Partial Build-Out
Available
Now

1st Fl-Ste A

Size 946 SF
Space Use Office
Condition Partial Build-Out
Available Now

946 SF of office space available at 10 Chapel Walks.

  • Listing ID: 39228199

  • Date on Market: 1/27/2026

  • Last Updated:

  • Address: 10 Chapel Walks, Manchester M2 1HL

Link copied
Your LoopNet account has been created!

Please Share Your Feedback

We welcome any feedback on how we can improve LoopNet to better serve your needs.
X
{{ getErrorText(feedbackForm.starRating, "rating") }}
255 character limit ({{ remainingChars() }} charactercharacters remainingover)
{{ getErrorText(feedbackForm.msg, "rating") }}
{{ getErrorText(feedbackForm.fname, "first name") }}
{{ getErrorText(feedbackForm.lname, "last name") }}
{{ getErrorText(feedbackForm.phone, "phone number") }}
{{ getErrorText(feedbackForm.phonex, "phone extension") }}
{{ getErrorText(feedbackForm.email, "email address") }}