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274 Deansgate, Manchester City Centre

£6,900,000

For Sale

Property details

274 Deansgate is a striking and attractive five storey building within touching distance of Manchester’s Metropolis of upmarket bars, restaurants and entertainment venues. Located between Spinningfields and the new St John’s scheme, the property is flanked by two Metrolink stops, giving gracious access to Piccadilly Station, desirable suburbs and the UK’s 3rd largest airport. With endless potential for redevelopment the building could be converted to residential apartments or even Manchester’s next iconic hotel, giving 274 Deansgate an ever increasing value.

This 1950’s building was refurbished in the mid 90’s and the 2nd, 3rd and 4th floors have recently been refurbished with a modern contemporary character/industrial look to a high specification. The 4th floor also has an outdoor/balcony for the alfresco meeting, with a backdrop of city views.

The 1st floor is fitted out to a high standard with suspended ceilings incorporating a mix of LED panel and LG3 lighting.

The ground floor front & part basement currently hosts a high-end bike retailer with full wrap around window displays capturing maximum exposure from South-Deansgate’s high footfall.

To the side of the property there is a self-contained entrance leading to the office accommodation on rear ground floor and 4 upper floors. In addition, there is storage space at rear basement level.

The 3rd/4th floors are currently let with the remainder of the office space currently vacant.

BUILDING HIGHLIGHTS

* Part income producing with current rental income of £226,265pa and an ERV of £427,230pa
* Extensive fit out on 1st floor
* Contemporary Exposed Ceiling
* Floor boxes and cable tray data management
* New air conditioning system
* Newly refurbished WC’s and common areas
* Disabled WC on the ground floor
* Passenger lift
* LED Strip lighting

With its near-perfect location and huge redevelopment potential, 274 Deansgate is an unassailable legacy asset for any investor. The building may potentially suit a variety of other uses including conversion to high-end residential apartments, co-living, hotel, apart-hotel, serviced apartments, or serviced offices/co working space, all subject to obtaining the necessary consents.

In the constantly evolving city of Manchester a building in such a prime location on South-Deansgate, with so many possibilities is an opportunity to grab with both hands.


Location

Manchester Central, Manchester City Centre


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