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Four Prominent Office/Showroom Investment Opportunities

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Four Prominent Office/Showroom Investment Opportunities FOUR PROMINENT OFFICE/SHOWROOM INVESTMENT OPPORTUNITIES MANCHESTER M12 6FZ INVESTMENT SUMMARY Tanzaro House Charlton House Milford House The Grove ARDWICK GREEN NORTH, 27 ARDWICK GREEN NORTH, 29 ARDWICK GREEN NORTH, 27 MANOR STREET, ARDWICK GREEN NORTH, MANCHESTER M12 6FZ MANCHESTER M12 6FZ MANCHESTER M12 6FZ MANCHESTER M12 6HE • A substantial and attractive former factory building, • A grade II listed Georgian terraced building, which has • A grade II listed Georgian terraced building, converted • A Grade II Listed Georgian end terrace, converted to that has been sympathetically restored and been converted into attractive office accommodation to provide office suites. provide office accommodation. converted to create a number of offices and studios. and boasts a number of original features. • Approximate Net Internal floor area is 268.41sqm • Approximate Net Internal Area of 319.96 sq m • Let to various occupiers within the fashion industry • Let to a variety of occupiers within the fashion industry (2,889sqft). (3,438 sq ft) and generating a gross annual rent of £324,392. and generating a gross annual rent of £25,800 • Let to a variety of occupiers and generating a gross • Available with vacant possession. • Approximate Net Internal Area of 5,147sqm • Approximate Net Internal Area 261.12sqm (2,811 sqft). annual rent of £32,054. (55,404sqft). LOCATION EDINBURGH GLASGOW LEEDS LIVERPOOL MANCHESTER MANCHESTER IS A IS A MAJOR CITY AND It is anticipated that the levels of job creation in Manchester could METROPOLITAN BOROUGH IN GREATER outpace that of cities such as Berlin, Tokyo and Paris between MANCHESTER, WITH A POPULATION OF 2015 and 2020, helped by Greater Manchester having the largest 545,500 AS OF 2017. IT LIES WITHIN THE UNITED regional creative and digital clusters in the UK, employing 63,500 KINGDOM’S SECOND-MOST POPULOUS URBAN people and generating GVA of £3.1 billion each year. BIRMINGHAM AREA, WITH A POPULATION OF 2.7 MILLION. is a city at the heart of the Northern Powerhouse and provides The regional North West economy is worth more than £120 billion excellent connectivity both nationally and internationally. with over 260,000 businesses and a population of over 7 million. Manchester airport welcomes flights from 200+ cities including The economy in the North West is expected to grow by 2.1% by San Francisco, Dubai, Mumbai, Beijing, Hong Kong, Singapore. the end of 2019, making it the fastest growing UK region this year. 60 trains per day travel between Manchester and London in only 2 hours; and the motorway network places Leeds, Liverpool and Greater Manchester is forecast to grow at a rate of 14% over the LONDON Birmingham within easy driving distance. next five years, well ahead of the UK average of 11%. Betham Tower POSITION Spinningfields Manchester Arena Manchester Central DEANSGATE Manchester MANCHESTER (MCCC) CASTLEFIELD Arndale VICTORIA The properties are located in a prominent St Peter’s HOME position on Ardwick Green North, just Square off the main A6, around 0.5 miles from China Piccadilly Northern Manchester City Centre. Manchester’s Town Gardens Quarter inner city ring road, the A(57M) is situated 0.3 miles to the north and OXFORD provides excellent transport links by road ROAD throughout the City Centre and wider road network. Manchester Piccadilly Railway Station lies 0.4 miles from the properties, within easy walking distance. Manchester In recent years, there has been extensive Metropolitan redevelopment within the Piccadilly area, University with older buildings being refurbished University of MANCHESTER or converted to provide leisure and Manchester PICCADILLY office accommodation including the new 10,000 capacity Mayfield depot Mancunian Way (A57) music venue, creating a hub for arts and Macdonald entertainment within the area. Hotel Both the University of Manchester and Mayfield Depot Manchester Metropolitan Universities are located within 0.6 miles of the properties and the O2 Apollo music venue is 0.3 miles to the south. Gartside Gardens Tanzaro House The Grove Charlton House Milford House A6 Ardwick Green COMMUNICATIONS MANCHESTER ARNDALE CENTRE MANCHESTER MANCHESTER MANCHESTER PICCADILLY 1 CENTRAL HOME ARENA STATION MANCHESTER MILE (MCCC) CINEMA METROPOLITAN & THEATRE 1.6 0.4 UNIVERSITY 1 MILES MILES MILE 1 0.5 NORTHERN MILE MILES QUARTER MANCHESTER THE UNIVERSITY AIRPORT OF MANCHESTER 0.5 0.6 MILES 9 MILES MILES THE PORTFOLIO Tanzaro House A substantial and attractive former factory building, that has been sympathetically restored and Schedule of accommodation: ARDWICK GREEN NORTH, converted. Internally the property has been sub-divided to create a number of offices and studios, MANCHESTER M12 6FZ Unit Size (Sq.Ft) Tenant Rent (p.a.) and is now a popular hub for the fashion industry. Basement 1 3,122 Occupied £10,000 Ground Floor 1 10,388 Occupied £30,000 2 1,744 Occupied £12,208 3 1,916 Occupied £9,800 4 3,455 Occupied £20,000 First Floor 1 4,952 Occupied £37,132 2 3,584 Occupied £18,752 3 1,270 Occupied £8,892 4 3,886 Occupied £15,800 5 2,239 Occupied £13,000 6 1,582 Occupied £10,000 7 Not inspected Occupied £5,000 Second Floor 1 1,066 Occupied £8,000 2 1,938 Occupied £14,536 3 3,057 Occupied £21,400 4a 1,335 Occupied £10,000 The building provides a range of large and smaller units 4b 2,347 Occupied £11,000 across four floors, to suit a variety of occupiers. Each unit 5 1,959 Occupied £19,592 retains a number of original features including tiled walls, 6 2,067 Occupied £20,780 beamed ceilings and sash windows. Lift access is provided 7 3,498 Occupied £16,500 to the upper floors. Telephone Vodaphone £6,500 Mast 1 There is a car park to the rear comprising around 12 spaces. Telephone T Mobile £5,500 Asking price available on request. Mast 2 TOTAL 55,404 £324,392 TENURE Full tenancy information available on request. The property is held freehold. THE PORTFOLIO Charlton House A grade II listed Georgian terraced building, which has been converted into attractive office Schedule of accommodation: 27 ARDWICK GREEN NORTH, accommodation and boast a number of original features. MANCHESTER M12 6FZ Unit Size (Sq Ft) Tenancy Rent (p.a.) Basement Room 1 216 Vacant Room 2 242 Vacant Room 3 84 Vacant Kitchen 194 Ground Floor Office 249 Occupied £3,600 Office 273 Management office Kitchen 200 First Floor Office 341 Occupied £11,400 Office 273 Occupied £3,600 WC 15 WC 73 WC 124 Second Floor Office 156 Occupied £7,200 Office 184 Vacant Office 189 Vacant TOTAL 2,811 £25,800 The ground floor provides 2 offices and a kitchen, the first floor has 2 offices and 3 bathrooms, and the second Full tenancy information available on request. floor has 3 office suites. There is also a basement which provides 3 offices and a further kitchen. The property has recently been recently fully refurbished to a good standard whilst retaining its original features. Asking price available on request. TENURE The property is held freehold. THE PORTFOLIO Milford House A grade II listed Georgian terraced building, converted to provide office suites. Schedule of accommodation: 29 ARDWICK GREEN NORTH, MANCHESTER M12 6FZ Unit Size Tenancy Rent (p.a) Ground Floor Office 315 Occupied £11,740 Office 258 Occupied £1,800 Office or Kitchen 272 WC 21 First Floor Office 451 Occupied £11,750 Office 254 Vacant Office 250 Vacant Bathroom 52 Second Floor Office 451 Occupied £6,754 Office 254 Vacant Kitchen 259 Bathroom 52 TOTAL 2,889 £32,044 Internally, the property provides a number Full tenancy information available on request. of office suites, with 3 ground floor offices and a WC, 3 offices and a bathroom to the first floor, and a further 2 offices, kitchen and bathroom to the second floor. Asking price available on request. TENURE The property is held freehold. THE PORTFOLIO The Grove A vacant grade II Listed Georgian end terrace, converted to provide office accommodation. Schedule of accommodation: 27 MANOR STREET, ARDWICK GREEN NORTH, MANCHESTER M12 6HE Unit Size Basement Showroom 358 Showroom 226 Showroom 237 Store 47 Store 37 Bathroom 38 Ground Floor Showroom 363 Showroom 223 Showroom 238 Bathroom 69 First Floor Showroom 366 Showroom 231 Office Kitchen 217 The basement provides 3 showrooms, 2 WC 52 stores and a bathroom. The ground floor has 3 showrooms/studios and a bathroom. The first WC 33 floor has 2 showrooms/studios, an office, kitchen Second Floor and 2 WC’s and the second floor has 5 offices. Office 110 Asking price available on request. Office 160 Office 167 TENURE Office 184 Office 81 The property is held freehold. TOTAL 3,438 FURTHER INFORMATION VAT PROPOSAL FURTHER INFORMATION EPC To discuss the opportunity in further detail please contact: All offers made should be exclusive Each party will be responsible A full information pack is Copies of EPCs are of VAT which may be applicable. for their own legal costs. available on request. available on request. Misrepresentation Act 1967. Unfair Contract Terms Act 1977 The Property Misdescriptions Act 1991. These particulars are issued without any responsibility on the part of the 0161 839 0080 0161 710 2010 agent and are not to be construed as containing any representation or fact upon which any person is entitled to rely. Neither the agent nor any person in their employ has any [email protected] [email protected] authority to make or give any representation or warranty whatsoever in relation to the property. September 2019. RB&Co 0161 833 0555. www.richardbarber.co.uk [email protected] [email protected].
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