Morgan Leahy property investment group
The property comprises a multi tenanted Grade II* Listed Victorian shopping arcade prominently situated in Manchester City Centre.
The property is currently arranged over sub-basement, basement, ground and four upper floors, comprising a mixture of retail, leisure, office and two residential units (caretaker's apartments).
The ground floor is currently configured as 15 retail units with 7 units benefiting from unrestricted street frontage to Deansgate. Part of the first and all of the second and third floors comprise office suites accessed by the arcade's internal perimeter balcony.
The added advantage of a substantial basement area, which follows the footprint of the building, used by the majority of retail units as additional sales area or for ancillary storage and has a 240 capacity nightclub. Additionally, there is a vacant sub-basement of almost 8,600 sq ft which has the potential for a number of uses, subject to planning and building regulations.
Highlights
- One of Manchester's most important landmark buildings.
- Approximately 4,769 sq m (51,333 sq ft) of accommodation.
- Approximately 883 sq m (8,600) sq ft of vacant sub-basement accommodation and 2 vacant office suites.
- Significant ability to increase rental income through a range of asset management initiatives.
