Description
GROUND FLOOR AND BASEMENT UNIT TO LET / FOR SALE
KEY DETAILS
- Prime location for food and beverage offer.
- 1,909 sq ft (NIA) over ground and basement levels.
- Immediately available.
LOCATION
The property is prominently located on the corner of Princess Street and Whitworth Street directly opposite the Manchester New Square development (where tenants include Tesco Express and Starbucks), and O’Sheas Irish Bar, and close to established leisure destinations including Manchester’s renowned Canal Street Quarter and Chinatown.
DESCRIPTION
The unit forms part of an attractive period building which has recently undergone a complete refurbishment to create residential units on the upper floors. The subject unit is situated over ground floor and basement levels with access points directly off Princess Street and Whitworth Street.
FLOOR DIMENSIONS AND AREAS
Gross frontage to Princess Street: 40 ft (12.2 m)
Gross frontage to Whitworth Street: 43 ft 6 ins (13.3 m)
Ground floor net internal area: 1.324 sq ft (123 sq m)
Basement net internal area: 585 sq ft (54.3 sq m) plus 2 x WC’s
RATEABLE VALUE
The property is yet to be assessed for rating purposes.
LEASE
The property is available on a new full repairing and insuring lease for a minimum term of 10 years, subject to rent review every fifth anniversary at a commencing rent of £45,000 per annum exclusive.
SALE
Alternatively a long leasehold interest for a term of 250 years at peppercorn rent is available with offers in excess of £650,000 invited.
E P C
The unit currently has an EPC rating of D. Full certificate available upon request.
LEGAL COST
Each party is to be responsible for their own legal costs incurred in the preparation and execution of the new lease.
VAT
All prices, outgoings and rentals are exclusive of but may be liable to VAT.