Skip to content

Lindencourt House, 34 Charlotte Street, Manchester City Centre, M1 4FD

Offers in Region of
£2,500,000

£160.49 per sq ft

Business rates & charges may apply

W T Gunson, Manchester - BPG
SIZE AVAILABLE

15,577 sq ft

1,447 sq m

SECTOR

Commercial development for sale

Key features

  • Part ground and uppers are fully vacant and suitable for redevelopment for a variety of uses eg Residential Apartments, Offices, Co-Working, Education, Hotel, Clinic/Medical, Aparthotel, etc - STP
  • £58,925pa rental income from 2 tenants over part ground floor & basement
  • REVISED PRICING - Offers in the region of £2.5m
  • Prime location in the heart of Manchester City Centre

Description

The property is located on the south west of Charlotte Street at its junction with Faulkner Street in the heart of Manchester City Centre.

Piccadilly Gardens is within close proximity and provides easy access to transport links including Metrolink and bus services. Piccadilly Train Station is less than 0.5 miles to the east. The property sits on the edge of China Town which boasts a wide range of long established restaurants.

All City Centre shops, hotels, restaurants, bars etc are within close proximity.

The property comprises a Grade II listed five storey, mid terraced brick built period building. The accommodation is arranged over basement, ground floor and four upper floors. Part ground and the upper floors are all vacant in shell form and in need of redevelopment.

OCCUPATIONAL LEASES/INCOME

In terms of occupational tenants, part ground floor is occupied by YUZU a well established Japanese restaurant. The lease was renewed for a term 10 years at a rent of £20,425pa. The basement is occupied by a Karaoke bar t/a Vina Karaoke on a 14 year lease from 1st September 2023 at a rent of £38,500pa. The total passing rent is £58,925pa. Further lease details contained within datalink available on request.

PLANNING OPPORTUNITY

Part ground and uppers are fully vacant in shell form and suitable for redevelopment for a variety of uses eg Residential Apartments, Offices, Co-Working, Education, Hotel, Clinic/Medical, Aparthotel, Serviced Apartments - all subject to obtaining any necessary consents.

Please note the property has current planning and listed building consent for character offices (granted 7 March 2024 for 3 years) - Planning Ref: 136926/LO/2023.

Previously, the property was granted planning for an apartment scheme in 2016 (now lapsed) for conversion to 12no self-contained apartments - Planning Ref: 110785/FO/2015/C2.

Brochures

Lindencourt House, 34 Charlotte Street, Manchester City Centre, M1 4FD

NEAREST STATIONS

Distances are straight line measurements from the centre of the postcode
  • Mosley Street Tram Stop0.1 miles
  • Piccadilly Gardens Tram Stop0.1 miles
  • St Peters Square Tram Stop0.2 miles

About W T Gunson, Manchester - BPG

Suite 2, Third Floor 1 King Street Manchester M2 6AW

W T Gunson is Manchester’s leading independent Chartered Surveyors and Property Consultants, covering Manchester and the North West since 1873, and offering expert advice on a full range of commercial and residential property.

Our expertise covers retail, office, industrial and development land, whether owner-occupied or investment property.

Notes

These notes are private, only you can see them.

Disclaimer - Property reference 1480FH. 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 W T Gunson, Manchester - BPG. 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.

Map data ©OpenStreetMap contributors.