For Sale Character Office Investment Opportunity Suitable for Investors / Developers Or Owner Occupiers Back Next
Total Page:16
File Type:pdf, Size:1020Kb
FOR SALE CHARACTER OFFICE INVESTMENT OPPORTUNITY SUITABLE FOR INVESTORS / DEVELOPERS OR OWNER OCCUPIERS BACK NEXT INVESTMENT SUMMARY • Character office investment opportunity with asset management / development potential, subject to planning • Grade II listed former textile warehouse building which has been converted to high quality offices • Located within Manchester’s vibrant “village” quarter in a prominent position overlooking the high profile “Origin” development site • Opportunity to improve the presentation of the building and add value through the letting of vacant space, re-gear of existing leases and improvement of management regime. • Currently producing a net rental income of £105,073 per annum • Seeking offers in the region of £3,000,000 (Three Million Pounds) • A purchase at this level reflects a capital value of £163 per sq ft BACK COLLEGE LAND North Parade River Irwell Street Exchange COLLEGE LAND Posts Parsonage G ardens Barton Square Posts ST MARY'S PARSONAGE Fn Old Bank Street St Ann's Barnes St ST MARY'S STREET Square BACK SOUTH PARADE Ps NEWMARKET BUNSEN STREET Brown Street Ps NORFOLK ST Market Street Posts Posts DUNLOP STREET GARDEN LANE NORFOLK STREET Rochdale Canal Spring Gardens PALL MALL ST ANN STREET SOUTHGATE BACK POOL FOLD SPEAR STREET House LITTLE LEVER STREET BRIDGE STREET WEST Posts HALF MOON STREET KENT STREET SICKLE STREET STANLEY STREET Chapel Walks PHOENIX STREET BACK PICCADILLY SMITHY LANE HILTON STREET of Fraser TARIFF STREET Path BREWER STREET KING STREET WEST St Ann's Place DTZ SUSSEX STREET Marriots Court MARSDEN STREET BROWN STREET POLICE STREET St Ann's Alley CAVELL STREET SPRING GARDENS Meal Street BUTTER LANE assage Posts BACK BRIDGE STREET n's P An MARBLE STREET St CHEAPSIDE PICCADILLY King Street TARIFF STREET SOUTHGATE CROSS STREET River Irwell Posts Metrolink Piccadilly LEFT BANK BRIDGE STREET MILK STREET DOLEFIELD SOUTH KING STREET KING STREET DEANSGATE RIDGEFIELD GARTSIDE STREET Lizard Street Gardens MANGLE STREET YORK STREET KING STREET ROMAN ROAD DALE STREET CHINA LANE TOWN HALL LA STANLEY STREET Law BOW STREET ESSEX STREET PEAK STREET WOOD STREET CONCERT LANE Back China Lane Pall Mall Post JOHN DALTON STREET Helo ST JAMES'S SQUARE FOUR YARDS TIB LANE Courts CHANCERY LANE PARKER STREET BACK PICCADILLY CHANCERYPLACE Crown Square RIDGEFIELD BROWN STREET BOWLANE Entry FOUNTAIN STREET SPRING GARDENS Post The Avenue Dalton PICCADILLY MULBERRY STREET TASLE ALLEY BACK NEXT BOOTH STREET PATON STREET NEW QUAY STREET CLARENCE STREET WEST MOSLEY STREET HOPE STREET NEW YORK STREET MOSLEY STREET STREETCIRCUS BOW LANE Brazennose Street KENNEDY STREET Rochdale Canal AYTOUN STREET Dale Street Basin BACK QUAY STREET Lincoln Square DUCIE STREET JUTLAND STREET LENA STREET Hardman Square QUEEN STREET HARDMAN STREET PRINCESS STREET CHATHAM STREET WATER STREET BOOTH STREET PORTLAND STREET GORE STREET PINE STREET Rochdale Canal Hardman CHAIN STREET Albert Square ROBY STREET TIVOLI STREET SIDNEY STREET CHARLOTTE STREET LLOYD STREET YOUNG STREET Square SL JODDRELL STREET Little Quay Street BACK GEORGE STREET COOPER STREET LONDON ROAD GARTSIDE STREET ATKINSON STREET MAJOR STREET JACKSON'S ROW LOCATION FAULKNER STREET WEST MOSLEY STREET AYTOUN STREET QUAY STREET OperaBYROM STREET GEORGE STREET MINSHULL STREET LLOYD STREET NICHOLAS STREET T JAMES STREET River Irwell S GOLD STREET House COUNTY STREET COOPER STREET SILVER STREET SPARKLE STREET Cycle Rochdaleth Canal a AUBURN STREET Manchester is widely regarded as the UK’s largest Town ng P Track wi To MOUNT STREET SP Little John Street CENTRAL STREET Hall financial centre outside of London and is the LITTLE QUAY STREET HART STREET BOOTLE STREET Library administrative, educational, cultural, sporting and ATHERTON STREET Walk STREET ack REYNER STREET GREAT JOHN STREET St John's Passage JERUSALEM PL r T retail centre of the North West. PRINCES BRIDGE Cycle MOSLEY STREET ARTILLERY STREET Manchester STATION APPROACH AUBURN Marron Pl STORE STREET SL SOUTHMILL STREET Art Gallery BOAD STREET PETER STREET MOUNT STREET MINSHULL STREET BACK GEORGE STREET STREET AYTOUN The conurbation of Greater Manchester is home to St Johns Midland REYNER STREET BYROM STREET GEORGE STREET FAULKNER STREET a population of 2.6 million and is the UK’s largest Coronation Str Gardens ST JOHN STREET PETERHotel STREET eet CHORLTON STREET SQUARE regional economy with an estimated £50 billion of ChorltoLocn kStreet ST JAMES STREET Culvercliffe Walk GDP. The economy is diverse with an estimated 70 ST PETER'S SOUTHMILL STREET LITTLE DAVID STREET MUSEUM STREET FTSE 100 companies represented, together with over WINDMILL STREET LOWER BYROM STREET DEANSGATE BLOOM STREET CAMP STREET St Peters RICHMOND STREET SILVER STREET MAJOR STREET 50 international banks and 60 major MOUNT STREET Piccadilly LIVERPOOL ROAD Square ABINGDON STREET Posts DICKINSON STREET PORTLAND STREET overseas companies. CANAL STREET Station WHITWORTH STREET LONDON ROAD BALE STREET Posts OXFORD STREET Major employers within the city include the SACKVILLE STREET LONGWORTH STREET MINSHULL STREET SOUTH OLD MEDLOCK ST WATSON STREET Co-Operative Group, Bank of New York, Royal Bank HALL STREET HART STREET WOOLLAM PLACE LIVERPOOL ROAD HARTER STREET Picadilly WATER STREET of Scotland, legal and other professional firms Posts MOSI SOUTH BISHOPSGATE Station TONMAN STREET WATERLOO STREET accountingBACK ACTON STREET for approximately 30% of all office PRINCESS STREET FAIRFIELD STREET Posts PUMP STREET BRAZIL STREET Byrom Street COBOURG STREET employment in the city. The city is also becoming ck Lo RICE STREET P NEW ELM ROAD Wellington Place VENICE STREET EBDEN STREET WINSER STREET synonymous with the growth of technology, media Metrolink BARTON STREET ECHO STREET STONE STREET and telecommunications (TMT) and also the WYRE STREET DEANSGATE GRANBY ROW BRIDGEWATER STREET LOWER MOSLEY STREET Subway Rochdale Canal Posts VENICE STREET expansion of the biopharmaceutical sector. DUKE PLACE TRAVIS STREET DUKE STREET SL Roman Garden Collier Street ALTRINCHAM STREET Basin Towing Path BEAVER STREET CHEPSTOW STREET SOUTH Palace Origin BOMBAY STREET The city is ranked 46th in the world for direct NEW ELM ROAD BEAUFORT STREET BARTON STREET Basin ATWOOD STREET SAMUEL OGDEN STREET Theatre Development BARING STREET WHITWORTH STREET commercial real estate investment since 2008 with POTATO WHARF Basin Basin CHEPSTOW STREET LOWER ALBION STREET SOUTHERN STREET Hilton BRIDGEWATER STREET LONDON ROAD COLLIER STREET over 3.7 billion transacted. Manchester is the only UK SP GREAT BRIDGEWATER STREET Hotel GREAT BRIDGEWATER STREET BOMBAY STREET Dismantled Railway city alongside London to feature in the top 50. CHEPSTOW STREET Cycle Track TRAFFORD STREET OXFORD STREET Basin GRANBY ROW BERRY STREET Basin ALTRINCHAM STREET Metrolink DAWSON STREET BUXTON STREET River Medlock STREET Castle Field Junction MAMUCIUM ROMAN FORT River Medlock (site of) SL Central Business Core The Village TRUMPET STREET Bridgewater Canal P Catalan Square SL TRAFFORD STREET POTATO WHARF Post Deansgate Locks Rochdale Canal Gaythorn Tunnel CENTURY ALBION STREET Deansgate SACKVILLE STREET Tunnel Lock Dismantled Railway Towing Path Tunnel Albion Mill Lock China Town North Campus Posts Rochdale Canal Tib Lock WHITWORTH STREET WEST WHITWORTH STREET WEST Tow Path Ramp Posts BUGLE STREET MP 0 ROWENDALE Oxford Street Bridgewater Canal STREET CHARLES APPROACH STREET Towing Path SL JAMES LEIGH ST PRITCHARD STREET Picadilly Gateway Southern Gateway STREET Deansgate River Medlock STATION DONALD ST STREET SL Station HOLBROOK STREET CALEY ST BARING CASTLE STREET CAMERON SL SP Station WHITWORTH STREET WEST MAKIN ST HEWITT STREET MP .25 WHITWORTH STREET WEST YORK STREET PRINCESS STREET Peters Fields Corridor Manchester GILBERT STREET MANCUNIAN WAY A57 (M) Basin BUGLE STREET WAKEFIELDSL ST MALLARD STREET Old Basin MOUNCEY ST SACKVILLE STREET Hulme Junction BRIDGEWATER VIADUCT DEANSGATE Home MP 0.75 BLANTYRE STREET Medlock NEW WAKEFIELD STREET Bridgewater Canal LITTLE PETER STREET LITTLE PETER STREET River NEW WAKEFIELD STREET CHARLES STREET River Medlock Subway Ps GLOUCESTER STREET Line of Posts Basin BLANTYRE STREET River Medlock GREAT MARLBOROUGH STREET COMMERCIAL STREET ALBION STREET River Medlock River EGERTON STREET Castle CONSTANCE STREET Medlock JORDAN STREET BLANTYRE STREET Cycle Way Line of Posts ALPHA PLACE Towing Path Quay Cycle Way Posts First MANCUNIAN WAY (ELEVATED ROAD) River Medlock WORSLEY STREET MEASHAM MEWS MANCUNIAN Posts HULME STREET Cycle Track River Medlock Street WAY Subway BALMFORTH STREET CHESTER ROAD SORTON STREET Cycle Way CLOAK STREET BRANCASTER ROAD Path (um) MANCROFT WALK CITY ROAD EAST BACK NEXT SITUATION Manchester The building is situated at the heart of Victoria Station Manchester’s vibrant village quarter, occupying a prominent position on Princess Street opposite the high profile “origin” mixed use development site. Manchester Manchester Town Hall The building is close to some of Manchester’s key Central Salford leisure amenities such as the City Art Gallery, the Central Station Midland Hotel, the Palace Theatre, Manchester Piccadilly Gardens Central, Manchester Central Library and the Gay Village’s bars and restaurants. 56 Princess Street is located with excellent access to Manchester’s comprehensive transport facilities including Oxford Road, Deansgate and Piccadilly St Peters Railway Stations, the metrolink service from St Peters Square Square and Chorlton Street Bus Station. Manchester Bus Station BACK NEXT DESCRIPTION 56 Princess Street is a grade II listed The building