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Office / Development Opportunity, Swan Street., Manchester, M4 5JU

7,000 to 12,000 Sq Ft / Offices / Investment

For Sale - £1,600,000.00

Available - Last updated: 20 December 2022

Calling all Developers.

The site consists of 3 commercial properties + car park for sale individually. With potential to acquire the non highlighted buildings. Subject to further negotiation.

Possible uses subject to planning for a- Mixed use 250+ Residential/Commercial scheme, Large Hotel, Serviced Office-Business Centre or Shopping Centre.

The site is situated in the heart of Manchester's Shudehill, noma major regeneration, and close to the Northern Quarter.

The site currently does not have planning permission.

Offers are invited.

Location

Town hall chiefs have released their regeneration blueprint for the 'New Cross' area, with proposals to build scores of new homes and boost commercial activity.

Less than a 2minute walk from the Metrolink Station & Shudehill Transport Interchange. The site is located on Swan Street, which is a continuation of Great Ancoats Street on the A665 inner ring road.

The site is located close to the 20 acre mixed use noma district. A vibrant new 24/7 city centre quarter which will include 2.5 million sq ft of new build and refurbished offices, 1 million sq ft of residential space 500,000 sq ft of retail and leisure space.

This new district is supported by the world's largest consumer co-operative and Manchester City Council. In addition to the proposed 500,000 sq ft of retail space being brought to the area, the site is close to the 1.4 million sq ft Arndale Shopping & Manchester Arena.

Accommodation

1) Car Park- 898 Sq ft
2) 56 Swan Street- 2029 Sq ft
3) 58 Swan Street- 4078 sq ft

Total asking price for the above 2 properties + Car Park (oiro £1.6M)

1b) 62-64 Swan Street breakdown - 4866 sq ft

This fantastic office block provides open plan and offices over ground, first and second floors with basement store. The premises have ground floor and upper independent access, front electric shutters, kitchen, WCs on each floor, with ample free parking bays and low all day parking spaces a stone throw away.

This building maybe suitable as an office to residential scheme along with the potential to add another floor to the 3rd subject to planning.

Accommodation:
Ground Floor and Basement - (2317 sq ft)
1st floor - (1,275 sq ft)
2nd floor - (1,275 sq ft)
Total: 4,866 sq ft

Terms

Offers in the region of: £1,600,000

Total combined rental circa: £125,000 P/A

Tenure:
Ground Floor and Basement - Gourmet Pizzeria - £1500 P/M
1st floor - Spa- £750 P/M
2nd floor - Events Management - £950 P/M

Total asking price for the above property (oiro £700K)

Combined rental income from 2 properties + car park: Circa: £125,000 P/A

Combined sale value for 2 properties + car park: (£1.6M) or (£2.3M) for all 3.
With the option to purchase the properties individually.

EPC:
We understand the property is assessed within Band D-(87-98) and a copy of the EPC is available on request for each property individually.

Misrepresentation Act 1967 Ivy Business centre Ltd for themselves, for any joint agents and for the vendors or lessors of this property whose agents they give notice that: 1: The details contained within these particulars are set out as a general outline only for the guidance of intending purchasers or lessees and do not constitute, nor constitute part of, an offer or contract. 2: All descriptions, dimensions, references to condition and necessary permissions for use and occupation, and other details are given in good faith and are believed to be correct, any intending purchasers or tenants should not rely on them as statements or representations of fact but satisfy themselves by inspection or otherwise as to each of them 3: No person in the employment of Ivy Business centre Ltd or any joint agents has any authority to make or give any representation or warranty whatever in relation to this property. 4: All rentals and prices are quoted exclusive of VAT. Compliance Declaration: One of the partners in our commercial division has a declarable interest in this property. This statement is being made in compliance with regulation ahead of any potential negotiations.

Property descriptions and related information displayed on this page are marketing materials provided by Ivy Business centre Ltd.

Specification

  • Large glass frontage & basements
  • Suitable for a variety of uses subject to planning
  • Tenanted & income producing
  • Excellent location
  • Close to Shude Hill Bus Interchange
  • On a busy road (A665)
  • Close to the Manchester Arena
  • Close to the Northern Quarter
  • Potential for an additional floors

Property Quote Price(s)

DescriptionSale typeGuide pricePrice type
Offers in the region of For Sale Freehold £1,600,000.00 NA

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Ivy Group

Ivy Group

0161 401 1369



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