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Manchester Hall, 36 Bridge Street, Manchester

Guide Price
£7,000,000

£121.92 per sq ft

Business rates & charges may apply

Savills, Savills, Auctions
SIZE AVAILABLE

57,413 sq ft

5,334 sq m

SECTOR

Mixed use property for sale

Key features

  • Offers to be requested in excess of the guide and prior to 23rd April auction
  • Approx. 57,413 sq ft (A low capital value of £121.92 per a sq ft on guide price)
  • Undergone refurbishment in 2019
  • Anchor tenant 'Dishoom Limited' occupying at £210,000 p.a. 18 years unexpired
  • A rarely available iconic mixed use building in the heart of Manchester
  • 3 retail units, 8 hotel rooms & office, function & conference rooms.
  • Instant asset management potential to let out the vacant space
  • Investment let £1,059,000 15.12% GIY on guide Part of the property - part vacant

Description

The property is a Grade II listed building offering accommodation over Sub- Basement, Basement, Ground and Four upper floors. There is also a roof terrace located at the 4th floor. Refurbishment and reconfiguration works were carried out in 2019. The 3rd floor has been sold off on a long lease.

The building has been divided to create individual units spread across all floors. The basement and ground floor levels of the property comprise three restaurant / bar units and a vacant office. Two of the units are let, with one unit vacant providing an immediate asset management opportunity. In addition, there are 8 boutique hotel rooms situated within the basement of the building. The upper floors comprise a mixture of event and meeting spaces currently run by a single operator for a mixture of corporate, wedding, and special occasion events. Please refer to accommodation.

Prominently situated fronting Bridge Street, a key pedestrian thoroughfare connecting Salford Station and Spinningfields with the traditional CBD and set to benefit from the continued development of Manchester’s Salford district.

An approx. 0.3 miles from Salford Station

An approx. 0.6 miles from Manchester Victoria

Transport
Both Salford station and Manchester Victoria offer National rail services

Brochures

Manchester Hall, 36 Bridge Street, Manchester

NEAREST STATIONS

Distances are straight line measurements from the centre of the postcode
  • Manchester Deansgate-Castlefield Tram Stop0.2 miles
  • Salford Central Station0.3 miles
  • St Peters Square Tram Stop0.3 miles

About Savills, Savills, Auctions

33 Margaret Street, London, W1G 0JD

Notes

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Disclaimer - Property reference 8ADA1AAE-5A9B-46DD-9677-5C8CB2236D8B. The information displayed about this property comprises a property advertisement. Rightmove.co.uk makes no warranty as to the accuracy or completeness of the advertisement or any linked or associated information, and Rightmove has no control over the content. This property advertisement does not constitute property particulars. The information is provided and maintained by Savills, Savills, Auctions. Please contact the selling agent or developer directly to obtain any information which may be available under the terms of The Energy Performance of Buildings (Certificates and Inspections) (England and Wales) Regulations 2007 or the Home Report if in relation to a residential property in Scotland.

Auction Fees: The purchase of this property may include associated fees not listed here, as it is to be sold via auction. To find out more about the fees associated with this property please call Savills, Savills, Auctions on 020 3834 8097.

*Guide Price: An indication of a seller's minimum expectation at auction and given as a “Guide Price” or a range of “Guide Prices”. This is not necessarily the figure a property will sell for and is subject to change prior to the auction.

Reserve Price: Each auction property will be subject to a “Reserve Price” below which the property cannot be sold at auction. Normally the “Reserve Price” will be set within the range of “Guide Prices” or no more than 10% above a single “Guide Price.”

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