Commercial property for sale in Manchester

Development Opportunity: Prime Manchester City Centre Location Swan Street, Manchester, M4 5JU  For Developers & Investors  A rare opportunity to acquire up to three commercial properties and a car park in the heart of Manchester's city centre, with options for individual or combined purchase. This site offers significant development potential (STP) for a range of uses, including:  Mixed-Use Residential/Commercial Scheme (250+ units)  Hotel or Serviced Apartments  Business Centre or Serviced Office Hub  Retail or Leisure Development  Please note: The site currently does not have planning permission.  Location Overview  Site Address: Swan Street, Manchester, M4 5JU  Transport Links:  Manchester Victoria: 0.3 miles  Market Street: 0.3 miles  Piccadilly Gardens: 0.4 miles  Less than a 2-minute walk to Shudehill Interchange & Metrolink  Neighbouring Developments:  Adjacent to the 20-acre NOMA district (2.5M sq ft office, 1M sq ft residential, 500,000 sq ft retail/leisure)  Close to the Arndale Centre & Manchester Arena  Site Composition & Financial Overview  Car Park + 56 & 58 Swan Street  Total Area: Approx. 7,005 sq ft  Car Park: 898 sq ft  56 Swan Street: 2,029 sq ft  58 Swan Street: 4,078 sq ft  Total Rental Income: Approx. £125,000 p.a. Asking Price: OIRO £1.6M  Current Tenants:  Gourmet Pizzeria: £1,500 pcm  Spa: £750 pcm  Events Management: £950 pcm  Total Rental Income: £3,200 pcm / £38,400 p.a. Asking Price: OIRO £700K  Potential: Office-to-residential conversion (STP) with the potential to add a third floor.  Combined Purchase Option  Combined Total Area: Approx. 11,871 sq ft  Combined Rental Income: Approx. £138,744 p.a.  Combined Asking Price: OIRO £2.3M  Planning & Development Potential  No current planning permission  Potential Uses (STP):  250+ unit mixed-use scheme  Hotel, serviced apartments, or business centre  Retail or leisure complex  EPC Ratings: Band D (87-98) EPCs available upon request for each unit.  Local Development Context Manchester City Council's regeneration plan for the New Cross area supports significant residential and commercial growth, making this an exciting investment in a rapidly transforming district.

Commercial property for sale in Manchester, England

Office for sale

Description

Need Broker Assistance?