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Beehive Mill Jersey Street, Ancoats, Manchester, M4 6JG Beehive Mill Jersey Street, Ancoats, Manchester, M4 6JG For Sale Prime residential development opportunity Enter Beehive Mill For Sale Jersey Street, Ancoats, Manchester, M4 6JG Prime residential development opportunity Summary - An exciting freehold development opportunity in the heart of Ancoats, Manchester - Highly desirable location close to the City Centre and vibrant Northern Quarter - Iconic Grade II* Listed former cotton mill and warehouse building extending to a Gross Internal Area of 4,787 sq m (51,527 sq ft) - The site covers an area of 0.42 acres, reflecting a low site coverage of circa 50% - The property benefits from short term commercial income with an opportunity to seek vacant possession in August 2017 - Positive pre-application discussions with Manchester City Council for conversion to residential Summary Manchester Location Regeneration Property The Opportunity Tenancy schedule Further information Beehive Mill For Sale Jersey Street, Ancoats, Manchester, M4 6JG Prime residential development opportunity Beehive Mill is a Grade II* Listed building and is one of a group of internationally, historically significant cotton spinning mills in Ancoats. Summary Manchester Location Regeneration Property The Opportunity Tenancy schedule Further information Beehive Mill For Sale Jersey Street, Ancoats, Manchester, M4 6JG Prime residential development opportunity Summary Manchester Location Regeneration Property The Opportunity Tenancy schedule Further information Beehive Mill For Sale Jersey Street, Ancoats, Manchester, M4 6JG Prime residential development opportunity Location Beehive Mill is located in Ancoats, which borders one of C Manchester City centres most vibrant villages, the Northern Quarter. Historically Ancoats was at the very heart of the D E Industrial Revolution and the area is typified by historic mills, warehouses and factory buildings. Today, thanks to significant B 6 inward investment and the area’s cultural authenticity, Ancoats 9 4 is one of Manchester’s most interesting neighborhoods, to live, 1 2 5 work, play and invest. 3 8 The property is approximately 300m north of Great Ancoats 10 Street and within walking distance of the City centre. New Islington tram station is 800m from the Property and provides B 7 excellent connectivity to key Manchester City centre districts, the airport and commuter towns such as Altrincham and East Didsbury. The site fronts Jersey Street with a return frontage along A Radium Street. Surrounding the site is a combination of residential, retail and leisure uses creating a bohemian neighbourhood at the doorstep to the City centre. A F –– Ancoats –– Northern Quarter –– Leisure 1 Rosylee Tea Rooms –– Amenity 2 PLY A New Islington Free School 3 Pie & Ale B Piccadilly Station 4 Evelyn’s Cafe 5 Evuna Beehive –– Retail 6 Solita A Central Retail Park 7 Bem Brasil Mill B M&S Outlet 8 Tib Street Tavern C Primark 9 Shack Bar & Grill D Debenhams 10 Pure Gym E The Manchester Arndale F Wing Yip Summary Manchester Location Regeneration Property The Opportunity Tenancy schedule Further information Beehive Mill For Sale Jersey Street, Ancoats, Manchester, M4 6JG Prime residential development opportunity Ancoats Regeneration Beehive Mill is located within the Ancoats Conservation Area, which is one of Manchester’s most significant historical A N quarters, due to the concentration of industrial mills and factory C O buildings dating from the late 19th century. A T S C O The property is located within the Neighbourhood Development N S ER Framework for Ancoats and New Islington. The framework V A encourages the restoration of buildings of historical AD T O I R O significance alongside sympathetic contemporary new build M N A schemes. R OLDHA R E ADI A UM This is evidenced by recent schemes that have been built in STREE B E this area, namely; N G T A L S T R T 1 NQ4 Apartments residential 9 41 Loom Street residential E EE E TR T L S VA 2 Ice Plant Building residential 10 27 Gun Street residential NA 9 3 Fairbairn Building residential 11 Connect House residential 4 McConnell Building residential 12 Waulk Mill commercial 5 Paragon Mill residential 13 MM2 Apartments residential D 6 Kennedy Building residential 14 The Space Building commercial 11 1 7 Nuovo residential 15 Old Sub Station commercial 8 Royal Mills residential 16 Glass Flint Works commercial A 2 16 A major driver for the continued repositioning of Ancoats and ET RE New Islington, is Manchester Life, which is a £1bn joint venture Y ST SE between Manchester City Council and the Abu Dhabi United B ER J C 12 3 6 Group set up since 2014. E 5 G 15 R EA Phase 1 of this regeneration is set out below: T 10 4 AN 7 C O A A Manchester Life TS 8 STRE 14 Jersey Street 158 units new build 13 B Manchester Life ET Hood Street 31 units new build N C Manchester Life Murray Mills 108 units conversion of listed building D Manchester Life Blossom Street 199 units new build E Manchester Life New Union Street 302 units new build Summary Manchester Location Regeneration Property The Opportunity Tenancy schedule Further information Beehive Mill For Sale Jersey Street, Ancoats, Manchester, M4 6JG Prime residential development opportunity Description Beehive Mill was originally formed of three parts: the Cotton Mill, the Warehouse and the Spindle Manufacturing Building. The buildings date from 1824 and are wonderful examples of late 19th century industrial architecture adorning original cast iron columns, timber beams, exposed brickwork, wooden floor boards and stone flagged floors. The buildings are situated on an island site of 0.42 acres. They occupy a low site coverage of circa 50% and comprise of 51,527 sq ft (4,787 sq m) of Gross Internal area. Accommodation is arranged over ground and five upper floors. Typical floorplates are expansive at circa 8,500 sq ft GIA and benefit from good floor to ceiling height. The ground and first floors are currently home to Sankey’s Nightclub, one of Manchester’s most famous clubbing venues. The second to fourth floors are offices offering suites from 150 - 1,000 sq ft, whilst the fifth floor provides a single open plan office nestled within the cast iron roof rib structure. The building provides the opportunity for continued commercial occupation, or high quality loft style apartments (subject to planning). Summary Manchester Location Regeneration Property The Opportunity Tenancy schedule Further information Beehive Mill For Sale Jersey Street, Ancoats, Manchester, M4 6JG Prime residential development opportunity The Opportunity Potential Schemes Following a positive pre-application meeting with Manchester City Council, it is clear there is an opportunity to convert the existing mill into residential accommodation Option 1 and add a new residential building to the north of the mill, subject to gaining the necessary consents. Apartment Types GIA Beehive GIA Annexe NSA Floor Studio 1 Bed 2 Bed Duplex Total Sq m Sq ft Sq m Sq ft Sq m Sq ft Ground 0 0 0 6 6 720 7,750 283 3,046 620 6,673 First 2 3 4 0 9 805 8,665 326 3,509 837 9,009 Mews/ New Build Annexe Courtyard Second 3 5 7 0 15 814 8,762 326 3,509 837 9,009 Third 3 5 7 0 15 815 8,772 326 3,509 837 9,009 Fourth 1 3 4 7 15 823 8,859 326 3,509 837 9,009 Fifth 1 3 4 0 8 811 8,729 326 3,509 806 8,675 Total 10 19 26 13 68 4,787 51,527 1,913 20,591 4,774 51,384 Beehive Mill Commercial floorspace within Beehive and Annexe - 328 sq m/3,530 sq ft (included within Total GIA figure) Option 2 GIA Beehive GIA Annexe NSA Floor Super Apartment Sq m Sq ft Sq m Sq ft Sq m Sq ft Residential Ground 0 720 7,750 283 3,046 601 6,469 Entrance First 3 805 8,665 326 3,509 977 10,516 Radium St Second 3 814 8,762 326 3,509 977 10,516 Pedestrian route Third 3 815 8,772 326 3,509 977 10,516 to courtyard/ amenity Fourth 3 823 8,859 326 3,509 977 10,516 Je rs ey Fifth 3 811 8,729 326 3,509 917 9,870 St Total 15 4,787 51,527 1,913 20,591 5,426 58,403 Residential Entrance Commercial floorspace within Beehive and Annexe - 598 sq m/6,436 sq ft (included within Total GIA figure) Commercial Pedestrian Frontage route to courtyard/ *Areas are approximate only and are subject to detailed surveys, further verification, design amenity development to ensure incorporation of statutory regulations and client requirements. Summary Manchester Location Regeneration Property The Opportunity Tenancy schedule Further information Beehive Mill For Sale Jersey Street, Ancoats, Manchester, M4 6JG Prime residential development opportunity In its heyday the walls of Beehive Mill rang with the sound of cotton workers clogs and spinning machines. More recently, the building has played a key role in Manchester’s musical history as the home to Sankey’s Nightclub. Tomorrow offers another opportunity for re-invention. Summary Manchester Location Regeneration Property The Opportunity Tenancy schedule Further information Beehive Mill For Sale Jersey Street, Ancoats, Manchester, M4 6JG Prime residential development opportunity Tenancy schedule Unit Floor Tenant Area Rent per annum Rent psf Lease start Lease expiry Comments GA - Cafe Ground Cafe Cotton Ltd 268 £6,500 £24.25 1-Jun-14 31-May-17 Rent deposit, £541.67. Ground & 1st Floor Ground & First Sankeys Manchester Ltd 11,105 £144,000 £12.97 See comments Currently occupying by way of tenancy at will dated 17 June 2016. Rehearsal Room 1Ai First Sonia Yassa Gergis 252 £3,960 £15.71 3-Feb-14 2-Feb-16 Rent deposit, £330.
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