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Michelle House 16 Chorlton St 10,164 SF 100% Leased Office Building Manchester M1 3HW For Sale
Investment Highlights
- Landmark building, high quality floorspace
- Close to Manchester Metropolitan University, Kampus, Piccadilly
- Redevelopment potential (subject to necessary consents)
- Well established mixed commercial, residential, educational and leisure area
- Good income stream
Executive Summary
A 5 storey plus basement mixed retail/commercial and office building of attractive Victorian construction of brickwork with steel columns supporting timber floors and a pitched slate surfaced roof formation the property has many or its original architectural features both externally and internally. Accommodation is arranged over basement/lower ground and four upper floors.
The ground and lower ground floors have been extensively fitted out for restaurant use and currently trades as Home Chinese Manchester. The upper floors provide office accommodation and the fifth floor storage accommodation for the restaurant.
The property is fully let under the following terms:
Ground, Lower Ground, and Fifth: 15 years effective September 2022 at a current rent of £77,880 plus vat/annum
First to Third: 10 years effective September 2024 at a current rent of £96,000 plus vat/annum
Total gross rent roll £173,800 plus vat/annum Further lease and occupancy details on request.
The ground and lower ground floors have been extensively fitted out for restaurant use and currently trades as Home Chinese Manchester. The upper floors provide office accommodation and the fifth floor storage accommodation for the restaurant.
The property is fully let under the following terms:
Ground, Lower Ground, and Fifth: 15 years effective September 2022 at a current rent of £77,880 plus vat/annum
First to Third: 10 years effective September 2024 at a current rent of £96,000 plus vat/annum
Total gross rent roll £173,800 plus vat/annum Further lease and occupancy details on request.
Property Facts
Sale Type
Investment
Property Type
Office
Tenure
Freehold
Building Size
10,164 SF
Building Class
C
Year Built
1890
Percent Leased
100%
Tenancy
Multiple
Building Height
6 Stories
Typical Floor Size
1,891 SF
Amenities
- Security System
- Storage Space
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Michelle House | 16 Chorlton St
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