3-11 LIVERPOOL ROAD M3 4NW

RESTAURANT AND RESIDENTIAL APARTHOTEL INVESTMENT OPPORTUNITY KEY 1.. 3-11 Liverpool Road SPINNINGFIELDS 2. Hilton Hotel 3. Great (A56)Northern 4. Manchester Convention Centre 5. DEANSGATE (A56) Urban Heritage Park 8 6. Theatre LIVERPOOL ROAD 7. Central Library 9 8. LIVERPOOL ROAD 9. 10. Museum of Science and Industry 11. Castlefield Basin 7 Tram Stations 1. Deansgate Castlefield Station 2. St Peter’s Square Station ST. JOHNS 2 Railway Station DEANSGATE (A56) 1. Deansgate Station 2. Oxford Road Station

10

LIVERPOOL ROAD 3 4

5 1 6 2

1

11

1 CASTLEFIELD 2

3-11 Liverpool Road, Manchester M3 4NW INVESTMENT SUMMARY

• A modern restaurant and aparthotel opportunity strategically located within the heart of • Manchester is the second largest economy in England and is the administrative and commercial hub of the north west of England • Mixed use property with restaurant accommodation on ground and basement with self-contained residential accommodation on first to fourth floors (8 x 2 bed, 1 x 3 bed) • 8,313 sq ft (772.30 sq m) of high quality, recently refurbished accommodation • Ground and Basement let to LFB Restaurants Limited (trading as Cibo) until 2035 • Upper floors let to Dreamhouse (2000) Limited until 2024 • Long Leasehold for 150 years from December 1999 (129.9 years unexpired) at a peppercorn per annum • Currently producing a total rent of £136,500 per annum • Offers are invited in excess of £2,100,000 subject to contract and exclusive of VAT. This reflects a Net Initial Yield of 6.25% and a low capital value of £252 per sq ft taking into account MDR purchaser’s costs on the residential element of 2.80% and standard purchaser’s costs of 6.10% on the commercial element.

3-11 Liverpool Road, Manchester M3 4NW EDINBURGH

Glasgow

Berwick-upon-Tweed

8 A69 A1

Craster

A697 Howick Glanton Bolton Longhoughton Abberwick Thurnton Lesbury A1 Alnmouth

A6 8

068

1 Nunnykirk A

Hartburn Morpeth

A69 6 Whalton

A68

A1 9 A 8 Dumfries 1 A74(M) Newcastle 079 A19 A7 Tynemouth Cairnryan A6 upon Tyne A696 A607 Corbridge 1 A69 A184 A74 A69 South Shields Stranraer Hexham A1 A689 44 A695 Gateshead Larne 686 A194(M) A69 A 65 Carlisle 43 A689 Washington 64 Sunderland 42 63

A68 A692 A6 A691 0 A A69 1 A595 62 82 M6 Durham A 181 Peterlee A 1 A689 0 86 A591 61 A594 A690 A686 A1(M) A 41 1 77 Hartlepool BELFAST A19 A66 Penrith 40 60 Workington A66 A66 A68 A689 A689

A595 A5091 A66 Stockton-

6 8 on-Tees

Keswick

50 59 A6 A6 A A688 Whitehaven 58 Middlesbrough Brough Darlington A174 A591 A67 A66 A174

A595 A A66

5 39 9 57 171

2 A

A66(M) A66 56 A685 A19 A6 38 Scotch A

1 2 7 Corner 67 1 A A 171 A683 A6 A685 1 36

9

6 A593 A684 37 1

A

A5084 A684 A684 A19 A592 A A A595 M6 1 1 Scarborough 67 68 A170 A6 A1 108 A683 Thirsk 36 A5092 A65 A5093 A590 Warrenpoint A1039

A595

Douglas A6 A A168 1 49 65 A 1 A687 9 Barrow- A5087 35 in- A1(M)

Furness 48 A64 4 A683 1 1 34 A6 A

A6

1

68 Lancaster 66 A6055 A1

47 237 A59 YA5ork A1 A65 9 33 A658 Harrogate A661

A61

4 65 1 A658 A6 64 1

A588 Skipton 1 A682 A629 Wetherby A Fleetwood A 6034 A659 A65 A 9 A6 b b 035 M6 A56 A6068 A1 A64 A1 LOCATION 9 A58 9 A5 Keighley 45 1

A586 A A650 A163 A586 A64 A1(M) A N A585 N 1 44 A19 034

48 Blackpool 3 4 32 47 4 4 M55 1 3 62 1 6 10 Burnley 3 46 Selby 1 Kingston

A1 A1033 31a 9 Bradford A A583 M65 8 2 5 M1 A6 Preston A60 M621 1 A63 A63 A63 38 A1 31 7 A6 upon Hull 43 44 6 42 A63 A63 A677 6 5 0 M62 46 M606 27 41 A584 A1246 A6

Leeds 62 A645 Manchester is the acknowledged capital of the north of England and 9 37 26 29 A1 30 Blackburn 28 30 1 033 5 42 A 9 3 4 41 41 A1 1a 29 2 A56 31 32 32a A645 A 36 Halifax 614 Goole 59 A666 33 34 A 28 A675 25 35 is the largest English financial and business centre, outside London. 40 40 7 A581 8 M62 A1077 24 A A A58 A162 5 A6 1 Southport 65 23 A Wakefield 5 M62 39 639 A160 M6 Rochdale A642 A1 14 9 1 A61 M61 22 A638 1 Immingham Manchester is the largest and fastest growing regional centre in the A570 A 6 A62 Bury Bolton M66 21 Huddersfield 38 A180 27 2 36 5 1 A18 Scunthorpe 5 Grimsby A58 20 A6 A565 A49 38 6 19 Barnsley 2 M181 Skelmersdale A627(M) Cleethorpes UK, generating wealth equal to that of Leeds, Liverpool and Sheffield A635 Doncaster 4 3 5 1 A59 18 4 4 4 A663 37 37 4 6 3 5 17 19 A629 A A1 3 2 1 20 M180 M58 26 15 16 A635 8 Maghull 1 A570 Wigan M60 M1 A5036 St 25 DUBLIN combined. It comes second only to London both in business terms and M602 A61 36 36 1 A46 7 6 24 3 9 12 1 Helens A616 2 5 A A1 35a A 6 23 1 1 0 A565 A580 11 Manchester A630 A 6 31 5 A6 A580 9 24 1 35 Liverpool 3 1 A M57 02 M18 A1(M) the quality of its city environment and retail andAmlwch leisure amenities. 3 A58 22 8 M60 Rotherham 1 10 11 7 5

2 A5025 A57 21a 6 25 34 1 1 9 27 M67 A631 A631 M628 5 4 A 34 7 1 1 5 2a 2 6 3 2 7 A631 Warrington21 A5013 3 Stockport 33 32 6 3 A41 5 A6 Sheffield Birkenhead 20 A5 31 Llandudno Widnes 8 7 6 A57 A620 A157 Dun Laoghaire 04 9 57 11 Holyhead Benllech 4 M56 5 1 A Colwyn Rhyl 10 A6 A6 A1 A A548 11 1 A62 A The city is located approximately 34 miles (55 km) east of Liverpool, A623 87 1 150 A46 6 0 11 Conwy Bay M53 Runcorn 12 19 56 53 A5 5 A556 1 11 A49 A559 A A Beaumaris A533 21 A1 A 1 Llangefni 9 M56 30 6 Menai A5151 A550 A556 A6 A545 A540 A Abergele A41 14 A537 15 40 miles (64 km) south west of Leeds, 81 miles Bridge(130 km)A55 north-west of 10 A60 8 A55 Holywell 11 19 A A 1 A541 15 M6 Chesterfield A6 A57 028 A55 A50 3 A632 A5

Rhosneigr A548 A56 4 A 2

A470 619 075 33 Bangor A54 M1 A6 1 A544 A5117 12 A5 A536 4 Lincoln Birmingham and 192 miles (309 km) north-west of London. The cityLlanfair forms Denbigh 18 A1 A4080 A54 A5 A6 29 A61 A A525 Chester 1 A6 158 Talhaiarn A51 5 A55 16 Bethesda A5 3 A 55 A5 A1 A4086 A41 17 A632 A46 1 the focus of economic activity in the North West and comprises aLlanrwst strong 5 A541 A483 6 Caernarfon A38 1 A530 A543 A534 A5 A6 A Ruthin A5 527 012 17 Newark- 53 A A 1 4 A494 A483 A49 1 28 A A60 607 0 A534 on-Trent 8 A5020 A523 A1 A mix of banking, finance, manufacturing and service sector businesses. A534 A6097 7 5 4 A5014 Stoke- 1 16 27 A6 6 Pentrefoelas Nantwich A6 A A52 A498 A531 1 1 A487 Betws- on-Trent 0 1 A542 A500 Wrexham A500 A52 Nottingham A5 A5 It also boasts an excellent amount of culture and sport with y-Coedtwo global A499 530 Blaenau A 1 A A46 A1 517 Corwen A529 A1121 Ffestiniog A525 A6 A38 26 Llan Newcastle- A5 A1 A149 Nefyn 15 2 A6514 53 A Porthmadog Subject Property 1 football teams; Test Cricket; one of the world’s busiest musicFfestiniog venues; six under-Lyme A50 A52 7

5 6 1 A52 1 A497 Llangollen 5 Grantham Derby A52 A A4212 A 495 25 48 A A495 A1 Criccieth Stone A theatres; the BBC Philharmonic and The Halle Orchestra; museums and A5 A A495 M6 A5111 A1 152 Trawsfynydd Y A5 Uttoxeter 149 A6 A52 5 A A499 Pwllheli 1 1 49 9 8 Bala 1 A50 24a A453 Harlech A470 Oswestry A5 A607A607 8

A496 4 galleries including Imperial War MuseumAbersoch North and National Football 24 A1 A A528 60 A606 442 A A483 A A1 14 A51 51 1 A60 A606 7 A494 53 23a 06 A A A A495 A49 51 151 078 4 1 A1 1 Stafford Burton 1 Loughborough A King’s 40 museum. On average, Manchester is the most visited English city by A5 M1 A 18 upon Trent Lynn 5 10 A5 12 A 67 A A34 A5 A6 A46 1062 13 1 06 A A41 23 1 Dolgellau A5 A38 1 1 49

Llanfyllin 0 A

A5 A607607 1 A47 A470 A A5195 11 16 Norwich A483 A606 A foreign visitors after London. Greater ManchesterBarmouth has a tourist industry A458 A5 A42 073 7 A5 A449 A606 A1064

A458 A1 8 A495 A5 Cannock A1 A47

4 Mallwyd A51 22 A 7 6 12 90 A46 A493 Welshpool 5 4 Lichfield 11 Wisbech A47 Shrewsbury 11a T7 worth £7.5bn, according to Visit England. A449 T8 T6 Telford 3 11 A Swaffham A470 8 Leicester 1 22 8 A464 T5 M42 A447 Peterborough 122 A11 M54 2 1 A5 21a A4 10a T4 Llanfair Stamford21 Machynlleth A49 Brownhills Tamworth 1 A47 A12 A470 A47 A6 A 4 1 Caereinion 10 A47 9 46 A4 21 M6 Toll 3 A

44 1 A11 A489 A47 1 9 10 1 075 A Tywyn 0 Wigston A605 Wolverhampton A A493 Walsall A6 0 43 A 9 T3 A101 1 458 A A A454 8 7 Hinckley A43 1 A Manchester is the centre of the wider city region, with a population of A483 T2 2 17 34 A458 A38 9 M6 T1 Nuneaton SITUATION Lowestoft A4123 41 A Dudley 6 1 A427 5 16 1 48 1 5 4a 8 A446 0 A 9 2 A427 A6 approximately 2.8 million. In excess of 12 million people are within a 50 Newtown Birmingham A426 A1(M) A4123 4 M69 A A470 7 43 A A5 A6 1 8 M5 M6 Market 1 1 A487 8 Stourbridge 3 15 A 44 45 A6 20 065 A4 3 Harborough 1 A442 6 A446 A4304 1 A A1066 A44 A449 2 1 1 A A45 6 1 Thetford mile radius of the City Centre. It has the largestAberystwyth travel-to work area of anyLlanidloes M6 M1 01 M42 A452A452 A142 1 Kettering 19 A14 A456 5 Coventry 3-11 Liverpool Road is situated within the heart of ManchesterA City 14 41 1 A45 A14 1 Llangurig A5 088 A4120 A4 Kidderminster 4 4 A6 A14 A1 A A11 3 117 Rugby 1 A A 11 A448 M42 99 11 1 Rosslare conurbation outside of London. A4 8 23 34 2 A4 42 0 4a 1 3 A45 18 1 A143 3a 1 A43 41 Huntingdon A 2 Harbour A46 A5 Lledrod Knighton M45 Centre and occupies a prominent location on Liverpool Road close to 1 Llanrhystud 16 17 A45 A A485 A456 A45 A483 Bromsgrove Royal 0 A4 A4 A14 1 A 177 Wellingborough A 44 1 M40 Leamington A Bury Rhayader 1 A14 1 A470 A428 4 0 A443 5 A14 A4 St Edmunds 0 Spa Newmarket A49 1 its junction with DeansgateA1 (A56) - one of the main feeder routes into A488 2 33 Redditch A435 Aberaeron 11 Warwick A425 A4 15 A428 A14 14 A6 20 is the third largest airport in the UK and serves more Llandrindod Wells A449 A45 14 11 13 A A109 New Quay M5 16 304 4 A44 Northampton 13 1 A482 Tregaron A44 the city. The property is within 60 yards A(55 metres) from the main A4 A5 15a A428 4 6 A423 A422 A45 12 Cambridge A44 43 A481 2 12 15 1 destinations than any other UK airport. New routes include daily flights to 1 A A11 1 Bedford A 1 11 A4 A Synod Inn A4 7 A46 Stratford- 1 12 5 A603 98 34 A14 A 11 entrance 0 to Beetham Tower, Manchester’s second tallest building at A4 A4538 1 Builth 9 1 upon-Avon A

1 A487 A483 7 A422 M40 A603 A1307 A486 Lampeter A480 A4103 A422 A the Middle East and China. Wells A361 A508 1 10 1092 141 A438 A465 A44 A421 A Ipswich Cardigan 47 storeys and to a 5 Star HiltonA505 hotel and a series of residential A475 A34 A5 A A482 Llanwrtyd Evesham 60 9 1071 Pumsaint A470 A438 A6 0 A 11 A4

00 14 Wells A429 Hereford Banbury A43 1 A1 A505 A A14 A4 8 3 A421 1 A 104 34 penthouses. The property is also close to other landmarksA including the Goodwick Newcastle 1 10 4 A422 13 A12

A487 A46 A507 10 1 8 Milton Emlyn A10 7 4 Llandovery Manchester Piccadilly is the principal railway A485station in Manchester. Talgarth 2 9 A44 Keynes M1 Fishguard A47 131 Felixstowe A40 A465 A361 Manchester Central Convention Complex, the Great NorthernA warehouse A40 A4 A421 9 A507 Brecon 13 12 A1 Crymych 9 A449 M50 124 A487 A449 M5 M11 137 Harwich Cynwyl Llangadog A4069 A49 10 A5 A A120 It serves intercity routes to destinations such as London (2 hours 5 A466 A505 8 3 A435 A4421 Elfed Sennybridge 4 A38 10 Luton Bishop’s St David's A1 A478 Llandeilo A4215 and Deansgate Locks. Ross-on-Wye A44 4260 A133 37 11 Stevenage Stortford A40 A40 A 7 A60 A Carmarthen Cheltenham A A4095 120 8 A120 minutes), Birmingham (1 hour 30 minutes), Bristol (3 hours), South Wales, A470 A40 11 A436 424 2 Colchester 8 A A40 1 Dunstable 10a A120 1 A483 Crickhowell 9 A1(M) 33 Haverfordwest St Clears A40 11a A417 A34 A4 A4 10 A41 1 1 46 A Narberth Gloucester A4 6 Hertford 1 13 A484 A48 Abergavenny A400 3 Brynamman A the south coast of England, EdinburghA40 (3 hours 10 minutes), Glasgow7 (3 36 Aylesbury 0 6 A41 9 0 Merthyr A48 A435 A Clacton-on-Sea A 4 A4095 5 1060 A Ammanford A465 CommunicationHemel links are excellent with Deansgate providing access to A 12 A46 4 Monmouth A417 8 St Albans 4 A414 4075 Milford A4076 A477 7 Tydfil

A4066 Ebbw A40 A40 Oxford A41 Hempstead 4 A429 8 Harlow hours 10 minutes) and many more. Kidwelly A 3 Haven 49 A4 M10 Hatfield 7 Pembroke A476 Vale 13 A40 8a 7 A414 4 A361 A41 4 A4059 1 6 2 1 A469 6 A466 A41 1 A4

Pendine A48 5 the Mancunian Way, M602/M62 and directlyChelmsford to the south Manchester

A465 7 A10

Dock 38 8 3 21 48 A41 A Cirencester 7 6a 21a 22 Llanelli Aberdare A40 20 6 A4139 A419 23 13 Usk A4 27 1 A 17 A405 1 24 25 26 6 A 47 46 45 19 M25 1 Rhondda Pontypool A4135 conurbations6 High via the5 A56 Chester Road.Brentwood Deansgate 30 railway and GMEX Pembroke Tenby 44 A48 A1 M11 A449 9 5 M1 A12 Billericay 43 Neath 2 Wycombe A40 18 M25 Enfield 5 42 4063 Cwmbran A4042 33 Manchester Deansgate Station is within a 3 minute walk of the subject 4 A3 4 A A Chepstow M40 17 A 1023 7 14 A 338 7 1 Rayleigh 0 9 4 28 1 A48 A419 A BeaconsfieldA355 Watford 28 Swansea 4 2 M48 2 Metrolink stationsM25 are within 0.1 miles (160 metres) of the property, A46 4 41 A A4 118 M48 M5 3 Edgware 2 4 A127 A4 40 A4061 26 25 24 Caerphilly 1 2 A40 Ilford 29 23a 23 17 property and provides rail services to Manchester Piccadilly,Port Manchester Maesteg 27 23 A403 A4 A4 Hendon 39 Pontypridd A470 A468 1 A4 1 38 A48 28 22 21 30 155 A404 16 Basildon Talbot M4 further enhancingA308(M) 1a 1 the areas connectivity.Dagenham M25 Manchester Central and 29 20 A46 A4 Southend-on-Sea 30 M4 16 Swindon Port-Eynon 36 Newport 32 16 0 Maidenhead Slough A473 29a M49 74 A4130 A13 Airport, Liverpool Lime Street, Southport, and Blackpool North as well as 32 A48(M) 17 A4 15 37 35 9b M4 02 A346 M4 34 19 17 1 A4 7 M4 30 33 Avonmouth 18a A3 6 15 A1089 A4232 A48 1 18 Manchester8 Convention4 4 3 2 1 centre are located within a short walk as is the 18 M4 9 5 LONDON A4361 A404(M) A4 Bridgend A34 4a Tilbury Sheerness A48 19 2 A420 Reading 14 M4 A282 Manchester Metrolink services to all but one of the eight routes across M32 A46 A330 Porthcawl CARDIFF 3 A3113 A228 14 M4 13 13 A30 Gravesend Margate A3 12 Museum of Science and Industry. SituatedA2 2 close to Deansgate Locks and 20 A4 Herne 4 10 1 A316 A4 2 A4 A4 A4 Staines A282 1 A249 Bay Penarth 11 12 A2 the Manchester area making it the most connected station in the entire A3 2 M3 A20 3 2 Whitstable A299 Bristol A4 46 A321 A322 Sittingbourne A299 A38 M3 M25 A228 the popular Castlefield11 Esher area of Manchester, with its many restaurants, Newbury 5

Barry 0 M20 Croydon 1 Ramsgate 4 22 4 A370 A327 3 Chatham 3 9 21 A227 A28 Bath A338 A340 5 A2 A290 A A32

A350 network. Weston-super-Mare Camberley A3 A2 A39 A339 33 M2 2 6 A361 A Woking 10 M25 3 4 7 67 A36 bars and 4 nearby ‘Y’ club9 leisure facility theM26 property2a 5 6 benefits from a highCanterbu ry A368 7 A3 A23 A342 A34 4a 5 A257 Basingstoke A30 7 A25 8 A3 M25 Maidstone

Farnborough A251 7 A366 43 7 A252 A361 5 8 8 6 A25 Sevenoaks A20 A3 A2 256 A345 6 level of footfall. Aldershot A362 A A A3 8 A287 371 3 Tonbridge 22 A39 A2 3 A21 M20 A28 60 A2

A Andover Guildford Reigate 7 8 A39 7 4 A A24 A22 25 1

Warminster 7 A361 A25 A303 8 A3 A31 A23 A229 9 3 4 M23 60 A3123 A228 A39 A350 A287 9a A3 A339 9 10 A2 A A20 A 23 M3 A39 A303 2 Royal 399 A361 A36 A39 81 A361 10 Ashford Dover A38 A39 A264 13 33 Tunbridge Wells 11 11a 12 A20 A272 A325 A A338 A28 358 A Crawley A262 A396 Bridgwater A359 10a

24 A30 Folkestone A37 11 Crowborough A2070 A268 A371 9 A31 A26 A267 59 A361 Salisbury 7 A2 A2

A A338 Winchester 10 83 A 21 372 A30 A305 11 A272 A3 A361 Taunton 25 A3090 A A286 27 A272 A272 A21 Petersfield A265 A378 A37 A30 12 A23 A39 A354 Eastleigh 28 A36 A 26 A3 A359 13 A29 5 2 8 14 A24 A275 50 A3 A30 3 3 4 5 A A 2 3-11 Liverpool Road, Manchester M3 4NW 281 M27 1 Southampton A283 A22 A259 A3 A35 A273 388 27 A303 Yeovil 1 7 1 7 A26 A A386 24 A38 2 A3030 A271 Horndean A3(M) M271 8 M27 Lewes M5 A31 A3 3 285 A283 A377 9 Havant A A24 A27 A259 A30 A37 A27 A326 10 4 A27 28 A A2 A27 A27 A396 11 A22 Hastings

35 3 7 A352 5 A 37 A37 A3066 A356 A350 12 A26 A27 A A32 3072 3 Fareham Brighton A25 A3072 A3072 Ringwood Chichester 9 88 M275

Honiton A35 A358 Gosport Littlehampton A3079 A3 Worthing Newhaven Okehampton A354 Eastbourne A30 Poole Portsmouth Bognor A35 A30 29 A348 Ryde A3052 Bere Regis Christchu Regis 30 A375 A35 Bournemouth A3054 Exeter Dorchester Launceston 31 A3 A352 A351 Newport A395 A379 7 6 rc A386 A382 A3020 354 h A39 A

A353 A3055

A30 A388 380 A38 A Weymouth

A389

A379 A390 9 A38 386 Bodmin A Torquay A3 Liskeard Plymouth A392

91 A385 Paignton

A3 A38 A387 A3058 A3 122 0 A3075 A379 A39 A39 A381

Redruth

A3 A39 A379 93 078 A30 A3 7 A30 4

A3071 Penzance A394 A30

A

3

083

Reproduced by permission of Ordnance Survey on behalf of HMSO. © Crown copyright and database right 2010. All rights reserved. Ordnance Survey Licence number 100030649. Media Services Birmingham b100124 UK High and Heavy Loads Map 285 to 287 to 285 TENANCY ON ST Upper

Campfield 2 322

BART The property is let in accordance with the tenancy schedule detailed below. Market 4 a E venue

A 324 324 AT 2

a LB to 89

Lease Rent Lease Unexpired Area Area

2

91 6 Tenant Floor Rent Start Review Expiry Term sq ft sq m DEANSG

Campfield

5 29

293 to 293 Dreamhouse 1st, 2nd, 3rd LIVERPOOL

0 03/02/2019 02/02/2024 4.07 6,032 560.39 £86,500 27 (2000) Limited and 4th 2 ROAD to 33 TC 6 B

32 LFB Restaurants Ground 1,171 108.79 13 to 25 to 13 16/01/2015 16/01/2020 15/01/2035 15.02 £50,000

Limited (t/a Cibo) Basement 1,110 103.12 2 11 Total 8,313* 772.30* £136,500

9

*please note the floor areas have been sourced from the VOA on a Net Internal Basis.

6 1 301 to 30 to 301

ET

E 4 332 to 8 33

3 TENURE

Long Leasehold for 150 years less 2 days from 24 December 1999 (129.9 years unexpired) at a peppercorn rent per annum.

to to 11 0 12

34

1 SOUTHERN3 STR

18 20

Hotel

Car Park For Identification Purposes Only

DESCRIPTION

The property, constructed in 2003, comprises a modern end of terrace building with ground floor and basement restaurant (A3) accommodation and self-contained residential accommodation on first to fourth floors. The restaurant premises have recently undergone a large refurbishment programme and the residential accommodation comprises eight two- bedroom and one three-bedroom apartments with the following internal features;

• 6 person passenger lift • Private balcony area to majority of units • Full under floor heating • Double glazing • Fitted kitchenette

3-11 Liverpool Road, Manchester M3 4NW TENANT COVENANT

Dreamhouse (2000) Limited

Following research carried out in the USA and the UK, Dreamhouse Apartments was formed in 2000 to develop “serviced apartments” firstly in Scotland and then across the UK in targeted locations. In 2001, Dreamhouse purchased their first property in Glasgow, designed and developed into stylish, contemporary apartments. The company then went on to expand the business by purchasing and developing further property in Glasgow in 2002 and new properties in Edinburgh and Aberdeen in 2004 and 2007. Dreamhouse then expanded into England with property in Manchester and London in 2012.

LFB Restaurants Limited

Established in 2014, Cibo brings real Italian food from the heart. Their menus include classic, authentic Italian dishes including pizzas, pastas, steaks and fish with many vegetarian and vegan options available. The company also runs a sister restaurant in Manchester under the name of Don Giovanni, situated on Oxford Street, some 0.5 miles from 3-11 Liverpool Road.

VAT

The property has been elected for VAT and therefore VAT will be payable. It is intended that the property will be sold as a TOGC. FURTHER INFORMATION EPC Should you require further information or wish to view the property please contact:-

The property has an Energy Performance Certificate rating of C-57. A copy of the certificate is available upon request.

3-5 Barrett Street JONATHAN SKERRY OLIVER TAYLOR PROPOSAL St Christopher’s Place T: 020 7042 6004 T: 020 7042 6001 London W1U 1AY M: 07736 300 594 M: 07773 773 790 Offers are invited in excess of £2,100,000 subject to contract E: [email protected] E: [email protected] and exclusive of VAT. This reflects a Net Initial Yield of 020 7042 6000 6.25% and a low capital value of £252 per sq ft taking into account MDR purchaser’s costs on the residential element of www.buchananbond.com 2.80% and standard purchaser’s costs of 6.10% on the commercial element. Misrepresentation Act 1967 & Declaration Buchanan Bond Real Estate Ltd, for themselves and for the vendors of this property whose agents they are, give notice that: i) The particulars are set out as a general outline only for the guidance of intending purchasers, and do not constitute, nor constitute part of, an offer or contract. ii) All descriptions, dimensions, references to condition and necessary permission for use and occupation and other details are given in good faith and are believed to be correct, but any intending purchasers should not rely on them as statements or representations of fact and must satisfy themselves by inspection or otherwise as to the correctness of each of them. iii) No person in the employment of Buchanan Bond Real Estate Ltd has any authority to make or give any representation or warranty in relation to this property. JANUARY 2020