Multi-let office and leisure investment for sale in Manchester

This property is marketed by:
Colliers

Freehold Multi-let Office and Leisure Investment with Outstanding Repositioning & Redevelopment Potential

Key Features

• Freehold
• Offers are invited in excess of £8,000,000 (subject to contract and exclusive of VAT)
• A purchase at this level would reflect a low capital value of approximately £269 per sq. ft. (disregarding the basement store recently let to Rudy's Pizza).

Opportunity:

A rare opportunity to acquire a mixed-use investment with significant redevelopment potential either as offices or alternative use, in a prime location in the heart of Manchester

Prominently located on Peter Street in the city's traditional core, directly adjacent to the site of St Michael's - a significant regeneration project which is 100% pre-let and will transform the micro location upon delivery in early 2025

Size coverage of approximately 0.25 acres

Total size of 31,161 sq. ft.

The two Sites either combined or individually offer a fantastic opportunity for redevelopment or refurbishment to add value and drive both income and capital value

Redevelopment:

The prime location combined with the surrounding office development poses an opportunity as a new build or hotel.

Repositioning:

An opportunity to undertake a full refurbishment programme to bring the accommodation of 35 Peter Street up to current specification