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Ground Floor Shop/ Office Unit , Upper Ground Floor, 44/50 Portland Street, Manchester, M1 4GS

1,250 Sq Ft / Retail / Retail - High Street

Withdrawn - Last updated: 18 November 2022

The premises comprise a self-contained upper ground floor former betting shop within a larger, multi-let building (including a lower ground floor restaurant, with the uppers as offices). Internally the current fitout includes a suspended ceiling, public male and female WCs and air conditioning. A staff WC and brewstation is present at the rear of the property, along with loading access.

The premises was most recently a Ladbrokes betting shop and so we understand falls under Sui Generis. Alternative uses will be considered, subject to planning permission.

( Agency Pilot Software ref: 1243 )

Location

The property fronts Portland Street, directly opposite Bruntwood’s Manchester One and Property Alliance Group’s 329-bedroom Clayton Hotel which completed in December 2021. Piccadilly Gardens is a short walk away.

Accommodation

We have been provided with the following floor areas: Net Internal Area: 116m² (1,250ft²)

Terms

LEASE A new lease on fully repairing and insuring terms for a term of years to be agreed at an annual rent of £XXX exclusive.

USE The premises was most recently a Ladbrokes betting shop and so we understand falls under Sui Generis. Alternative uses will be considered, subject to planning permission.

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.

BUILDINGS INSURANCE The landlord will insure the building and recover the cost from the tenant. The current annual insurance premium for the demise is £XXX(TBC).

BUSINESS RATES The rateable value is currently £XXX and therefore rates payable will be in the region of £XXX per annum (XXX/£XXX). Interested parties are advised to make their own enquiries with the local authority.

SERVICE CHARGE The landlord will levy a service charge as a contribution to the maintenance of common parts. The current annual service charge budget is £XXX(TBC).

Specification

• Current Sui Generis use (Betting Shop) but other uses considered (STP)
• Prominent location
• Air Conditioning


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