four prominent office/showroom investment …...charlton house 27 ardwick green north, manchester...

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MANCHESTER M12 6FZ FOUR PROMINENT OFFICE/SHOWROOM INVESTMENT OPPORTUNITIES

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Page 1: FOUR PROMINENT OFFICE/SHOWROOM INVESTMENT …...Charlton House 27 ARDWICK GREEN NORTH, MANCHESTER M12 6FZ Unit S S Ft) Tenancy Ren p.a.) Bt R 1 216 Vacant R 2 22 Vacant R 84 Vacant

M A N C H E ST E R M 12 6 F Z

FO U R P RO M I N E N T O F F I C E / S H O W RO O M I N V E ST M E N T O P P O RT U N I T I E S

Page 2: FOUR PROMINENT OFFICE/SHOWROOM INVESTMENT …...Charlton House 27 ARDWICK GREEN NORTH, MANCHESTER M12 6FZ Unit S S Ft) Tenancy Ren p.a.) Bt R 1 216 Vacant R 2 22 Vacant R 84 Vacant

I N V E ST M E N T S U M M A RY

• A grade II listed Georgian terraced building, converted

to provide office suites.

• Approximate Net Internal floor area is 268.41sqm

(2,889sqft).

• Let to a variety of occupiers and generating a gross

annual rent of £32,054.

Tanzaro HouseA R D W I C K G R E E N N O RT H,

M A N C H E ST E R M 12 6 F Z

Charlton House27 A R D W I C K G R E E N N O RT H,

M A N C H E ST E R M 12 6 F Z

Milford House29 A R D W I C K G R E E N N O RT H,

M A N C H E ST E R M 12 6 F Z

The Grove27 M A N O R ST R E E T, A R D W I C K G R E E N N O RT H,

M A N C H E ST E R M 12 6 H E

• A substantial and attractive former factory building,

that has been sympathetically restored and

converted to create a number of offices and studios.

• Let to various occupiers within the fashion industry

and generating a gross annual rent of £324,392.

• Approximate Net Internal Area of 5,147sqm

(55,404sqft).

• A grade II listed Georgian terraced building, which has

been converted into attractive office accommodation

and boasts a number of original features.

• Let to a variety of occupiers within the fashion industry

and generating a gross annual rent of £25,800

• Approximate Net Internal Area 261.12sqm (2,811 sqft).

• A Grade II Listed Georgian end terrace, converted to

provide office accommodation.

• Approximate Net Internal Area of 319.96 sq m

(3,438 sq ft)

• Available with vacant possession.

Page 3: FOUR PROMINENT OFFICE/SHOWROOM INVESTMENT …...Charlton House 27 ARDWICK GREEN NORTH, MANCHESTER M12 6FZ Unit S S Ft) Tenancy Ren p.a.) Bt R 1 216 Vacant R 2 22 Vacant R 84 Vacant

LO C AT I O N

MANCHESTER IS A IS A MAJOR CITY AND METROPOLITAN BOROUGH IN GREATER MANCHESTER, WITH A POPULATION OF 545,500 AS OF 2017. IT LIES WITHIN THE UNITED KINGDOM’S SECOND-MOST POPULOUS URBAN AREA, WITH A POPULATION OF 2.7 MILLION.

The regional North West economy is worth more than £120 billion

with over 260,000 businesses and a population of over 7 million.

The economy in the North West is expected to grow by 2.1% by

the end of 2019, making it the fastest growing UK region this year.

Greater Manchester is forecast to grow at a rate of 14% over the

next five years, well ahead of the UK average of 11%.

It is anticipated that the levels of job creation in Manchester could

outpace that of cities such as Berlin, Tokyo and Paris between

2015 and 2020, helped by Greater Manchester having the largest

regional creative and digital clusters in the UK, employing 63,500

people and generating GVA of £3.1 billion each year.

is a city at the heart of the Northern Powerhouse and provides

excellent connectivity both nationally and internationally.

Manchester airport welcomes flights from 200+ cities including

San Francisco, Dubai, Mumbai, Beijing, Hong Kong, Singapore.

60 trains per day travel between Manchester and London in only

2 hours; and the motorway network places Leeds, Liverpool and

Birmingham within easy driving distance.

MANCHESTER

LEEDS

LONDON

EDINBURGH

LIVERPOOL

BIRMINGHAM

GLASGOW

Page 4: FOUR PROMINENT OFFICE/SHOWROOM INVESTMENT …...Charlton House 27 ARDWICK GREEN NORTH, MANCHESTER M12 6FZ Unit S S Ft) Tenancy Ren p.a.) Bt R 1 216 Vacant R 2 22 Vacant R 84 Vacant

The properties are located in a prominent

position on Ardwick Green North, just

off the main A6, around 0.5 miles from

Manchester City Centre. Manchester’s

inner city ring road, the A(57M) is

situated 0.3 miles to the north and

provides excellent transport links by road

throughout the City Centre and wider

road network. Manchester Piccadilly

Railway Station lies 0.4 miles from the

properties, within easy walking distance.

In recent years, there has been extensive

redevelopment within the Piccadilly area,

with older buildings being refurbished

or converted to provide leisure and

office accommodation including the

new 10,000 capacity Mayfield depot

music venue, creating a hub for arts and

entertainment within the area.

Both the University of Manchester and

Manchester Metropolitan Universities are

located within 0.6 miles of the properties

and the O2 Apollo music venue is 0.3

miles to the south.

P O S I T I O N

Tanzaro

House

Charlton

House

Milford House

The Grove

MANCHESTERPICCADILLY

DEANSGATECASTLEFIELD

MANCHESTERVICTORIA

OXFORD ROAD

Manchester Central(MCCC)

St Peter’sSquareHOME

Manchester Arndale

Manchester Arena

University ofManchester

ManchesterMetropolitan

University

Mancunian Way (A57)

PiccadillyGardens

GartsideGardens

ArdwickGreen

Spinningfields

ChinaTown

A6

MayfieldDepot

MacdonaldHotel

NorthernQuarter

Betham Tower

Page 5: FOUR PROMINENT OFFICE/SHOWROOM INVESTMENT …...Charlton House 27 ARDWICK GREEN NORTH, MANCHESTER M12 6FZ Unit S S Ft) Tenancy Ren p.a.) Bt R 1 216 Vacant R 2 22 Vacant R 84 Vacant

CO M M U N I C AT I O N S

MANCHESTER PICCADILLY STATION

0.4 MILES

THE UNIVERSITYOF MANCHESTER

0.6MILES

MANCHESTERAIRPORT

9 MILES

MANCHESTERARENA

1.6 MILES

NORTHERNQUARTER

0.5 MILES

MANCHESTERARNDALE CENTRE

1 MILE

MANCHESTER CENTRAL

(MCCC)

1MILE

MANCHESTER METROPOLITAN

UNIVERSITY

0.5 MILES

HOME CINEMA

& THEATRE

1 MILE

Page 6: FOUR PROMINENT OFFICE/SHOWROOM INVESTMENT …...Charlton House 27 ARDWICK GREEN NORTH, MANCHESTER M12 6FZ Unit S S Ft) Tenancy Ren p.a.) Bt R 1 216 Vacant R 2 22 Vacant R 84 Vacant

T H E P O RT FO L I O

The building provides a range of large and smaller units

across four floors, to suit a variety of occupiers. Each unit

retains a number of original features including tiled walls,

beamed ceilings and sash windows. Lift access is provided

to the upper floors.

There is a car park to the rear comprising around 12 spaces.

Asking price available on request.

TENUREThe property is held freehold.

A substantial and attractive former factory building, that has been sympathetically restored and

converted. Internally the property has been sub-divided to create a number of offices and studios,

and is now a popular hub for the fashion industry.

Schedule of accommodation:

Tanzaro HouseA R D W I C K G R E E N N O RT H,

M A N C H E ST E R M 12 6 F Z Unit Size (Sq.Ft) Tenant Rent (p.a.)Basement

1 3,122 Occupied £10,000Ground Floor

1 10,388 Occupied £30,0002 1,744 Occupied £12,2083 1,916 Occupied £9,8004 3,455 Occupied £20,000

First Floor1 4,952 Occupied £37,1322 3,584 Occupied £18,7523 1,270 Occupied £8,8924 3,886 Occupied £15,8005 2,239 Occupied £13,0006 1,582 Occupied £10,0007 Not inspected Occupied £5,000

Second Floor1 1,066 Occupied £8,0002 1,938 Occupied £14,5363 3,057 Occupied £21,4004a 1,335 Occupied £10,0004b 2,347 Occupied £11,0005 1,959 Occupied £19,5926 2,067 Occupied £20,7807 3,498 Occupied £16,500Telephone Mast 1

Vodaphone £6,500

Telephone Mast 2

T Mobile £5,500

TOTAL 55,404 £324,392

Full tenancy information available on request.

Page 7: FOUR PROMINENT OFFICE/SHOWROOM INVESTMENT …...Charlton House 27 ARDWICK GREEN NORTH, MANCHESTER M12 6FZ Unit S S Ft) Tenancy Ren p.a.) Bt R 1 216 Vacant R 2 22 Vacant R 84 Vacant

T H E P O RT FO L I O

The ground floor provides 2 offices and a kitchen, the

first floor has 2 offices and 3 bathrooms, and the second

floor has 3 office suites. There is also a basement which

provides 3 offices and a further kitchen.

The property has recently been recently fully refurbished

to a good standard whilst retaining its original features.

Asking price available on request.

TENUREThe property is held freehold.

A grade II listed Georgian terraced building, which has been converted into attractive office

accommodation and boast a number of original features.

Schedule of accommodation:

Charlton House27 A R D W I C K G R E E N N O RT H,

M A N C H E ST E R M 12 6 F Z Unit Size (Sq Ft) Tenancy Rent (p.a.)Basement

Room 1 216 VacantRoom 2 242 VacantRoom 3 84 VacantKitchen 194

Ground FloorOffice 249 Occupied £3,600Office 273 Management officeKitchen 200

First FloorOffice 341 Occupied £11,400Office 273 Occupied £3,600WC 15WC 73WC 124

Second FloorOffice 156 Occupied £7,200Office 184 VacantOffice 189 VacantTOTAL 2,811 £25,800

Full tenancy information available on request.

Page 8: FOUR PROMINENT OFFICE/SHOWROOM INVESTMENT …...Charlton House 27 ARDWICK GREEN NORTH, MANCHESTER M12 6FZ Unit S S Ft) Tenancy Ren p.a.) Bt R 1 216 Vacant R 2 22 Vacant R 84 Vacant

T H E P O RT FO L I O

Internally, the property provides a number

of office suites, with 3 ground floor offices

and a WC, 3 offices and a bathroom to the

first floor, and a further 2 offices, kitchen

and bathroom to the second floor.

Asking price available on request.

TENUREThe property is held freehold.

A grade II listed Georgian terraced building, converted to provide office suites. Schedule of accommodation:

Milford House29 A R D W I C K G R E E N N O RT H,

M A N C H E ST E R M 12 6 F Z Unit Size Tenancy Rent (p.a)Ground Floor

Office 315 Occupied £11,740Office 258 Occupied £1,800Office or Kitchen 272WC 21

First FloorOffice 451 Occupied £11,750Office 254 VacantOffice 250 VacantBathroom 52

Second FloorOffice 451 Occupied £6,754Office 254 VacantKitchen 259Bathroom 52TOTAL 2,889 £32,044

Full tenancy information available on request.

Page 9: FOUR PROMINENT OFFICE/SHOWROOM INVESTMENT …...Charlton House 27 ARDWICK GREEN NORTH, MANCHESTER M12 6FZ Unit S S Ft) Tenancy Ren p.a.) Bt R 1 216 Vacant R 2 22 Vacant R 84 Vacant

T H E P O RT FO L I O

The basement provides 3 showrooms, 2

stores and a bathroom. The ground floor has 3

showrooms/studios and a bathroom. The first

floor has 2 showrooms/studios, an office, kitchen

and 2 WC’s and the second floor has 5 offices.

Asking price available on request.

TENUREThe property is held freehold.

Unit Size

Basement

Showroom 358

Showroom 226

Showroom 237

Store 47

Store 37

Bathroom 38

Ground Floor

Showroom 363

Showroom 223

Showroom 238

Bathroom 69

First Floor

Showroom 366

Showroom 231

Office

Kitchen 217

WC 52

WC 33

Second Floor

Office 110

Office 160

Office 167

Office 184

Office 81

TOTAL 3,438

A vacant grade II Listed Georgian end terrace, converted to provide office accommodation. Schedule of accommodation:

The Grove27 M A N O R ST R E E T, A R D W I C K G R E E N N O RT H,

M A N C H E ST E R M 12 6 H E

Page 10: FOUR PROMINENT OFFICE/SHOWROOM INVESTMENT …...Charlton House 27 ARDWICK GREEN NORTH, MANCHESTER M12 6FZ Unit S S Ft) Tenancy Ren p.a.) Bt R 1 216 Vacant R 2 22 Vacant R 84 Vacant

F U RT H E R I N FO R M AT I O N

VATAll offers made should be exclusive

of VAT which may be applicable.

PROPOSALEach party will be responsible

for their own legal costs.

FURTHER INFORMATIONA full information pack is

available on request.

EPCCopies of EPCs are

available on request.

To discuss the opportunity in further detail please contact:

0161 710 2010

[email protected]

[email protected]

0161 839 0080

[email protected]

[email protected]

Misrepresentation Act 1967. Unfair Contract Terms Act 1977 The Property Misdescriptions Act 1991. These particulars are issued without any responsibility on the part of the

agent and are not to be construed as containing any representation or fact upon which any person is entitled to rely. Neither the agent nor any person in their employ has any

authority to make or give any representation or warranty whatsoever in relation to the property. September 2019. RB&Co 0161 833 0555. www.richardbarber.co.uk