The property comprises a lower ground floor unit which we understand was most recently occupied by an Escape Room operator.
The accommodation is accessed by a street-level personnel entrance (which only serves this unit) with internal staircase. It is predominantly open plan, save for 2x WCs and a kitchen (which has been stripped out) and 2x storerooms, and has a suspended ceiling with diffused lighting, a concrete floor and painted plastered elevations. We understand that natural light can be brought into the unit by the removal of the suspended ceiling. A communal lift is also available.
( Agency Pilot Software ref: 1404 )
Location
The property is situated within the Birchin, a primarily residential development on the junction of Bridgewater Place and Joiner Street (which runs parallel with Market Street, Manchester's principal high street). The premises backs directly onto the rear of the Rylands Building (former Debenhams), which being redeveloped by AM Alpha into 300,600 sq ft of workspace, c.36,700 sq ft of ground-floor retail, and c.40,000 sq ft of basement wellness space.
Accommodation
1,908ft²(177.2m²)
Terms
LEASE The property is available by way of a new fully repairing and insuring lease for a term of years to be agreed at an initial rent of £29,000 per annum.
LONG LEASEHOLD The property is held on a 200 year lease from 1 January 2004 (c.180 years unexpired). We are advised that the ground rent is circa £1,600 per annum. The long leasehold interest is available to purchase for £400,000 exclusive.
SERVICE CHARGE We understand that a service charge is levied by the freeholder for the maintenance of common parts (including the lift) and is circa £150.00 per calendar month.
BUSINESS RATES We are advised that a new business rates assessment will be carried out on completion of a new letting. Interested parties should make their own enquiries with the local authority.
EPC An EPC will be commissioned and available in due course.
CODE FOR LEASING BUSINESS PREMISES Interested parties are notified of the existence of the RICS Code for Leasing Business Premises (2020) and are recommended to obtain professional representation.
Specification
• Manchester City Centre / Northern Quarter location
• Shared lift from ground level
• Piccadilly Gardens’ Metrolink and bus terminal within very short walking distance
• Residential accommodation above