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Refurbishment/Remodelling or Redevelopment Opportunity

Manchester, United KingdomUnlock address

70%

£13.500.000

Office

#13844

Value-Add

2 Feb 2024

Property Details

Broker

Sold

55,739 sq.ft.

5,178 m²

Leasable area

242 £/sq.ft.

2,607 £/m²

Freehold

X

Fees

0.00 %

0.40 %

0.00 %

0.40 %

Investment Overview

One of the most exciting development/ refurbishment opportunities to come to the market in recent years with extensive frontage to the River Irwell and Parsonage Gardens. 1960’s office building set on basement, ground and eight upper floors 55,739 sq. ft. NIA with flexible floor plates of approximately 6,300 sq. ft. 17 basement and nine deck level car parking spaces. Currently producing short term income with agreements in place with tenants to obtain vacant possession by October 2022. Site of 0.45 acres with a 54m frontage to the River Irwell. Currently producing short term income with agreements in place with tenants to obtain vacant possession by October 2022.