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UNDER OFFER

42 Back Turner Street, Manchester, M4 1FR

£375,000

£203.14 per sq ft

Business rates & charges may apply

Gifford Dixon Commercial Property, Manchester
SIZE AVAILABLE

1,846 sq ft

171 sq m

SECTOR

Leisure facility for sale

Key features

  • Northern Quarter location
  • Short walk to Arndale Centre
  • Substantial premises
  • Ground floor & basement seating areas
  • Newly fitted kitchen
  • Presented to a high standard
  • True Turn-key opportunity

Description

The property is a four-storey commercial unit of brick construction. The available space for sale is the ground floor and basement which is currently occupied by restaurant chain ‘What The Pitta’.

Internally the unit provides an entrance foyer with serving counter to the front, with a largely open plan fitted kitchen beyond and a generous open plan dining/seating area off. The basement is accessed via feature staircase from the foyer and leads to a further generous seating and dining area, with customer W/C facilities and storage off. Beyond the storage area is ancillary space including an office and staffroom to the rear.

The premises is presented to a very high standard throughout, with original stripped pine floors to the ground floor restaurant and feature tiles to the kitchen, W/C facility and basement floor. The kitchen is fitted out to a high standard with the usual stainless steel fixtures and fittings plus a good sized walk in chiller off. Feature exposed brick walls are also found throughout the building which further add to the charm of the building.

This premises provides a true ‘Turn Key’ opportunity for an incoming purchaser, whether they be an owner occupier or investor, with the premises having an ERV of £30,000.

The property is located on back Turner Street in Manchester's historic and increasingly popular Northern Quarter within Manchester City Centre.

Located opposite the Arndale Shopping Centre and close to Manchester Printworks, the immediate area is home to many popular restaurant, café and retail operators, creating a vibrant atmosphere and driving footfall to the area.

All of the usual City centre transport facilities are available and are within short reach of this property.

Other nearby occupiers include Pupa Restaurant & Bar, Kabana Indian Restaurant, Evuna NQ & Saan 1 Art Gallery.

The premises are available on a new effective FRI (fully repairing and insuring) lease for a minimum of 10 years with upward only rent review at the end of every third year and all other terms to be agreed.

Rateable Value (2023 List) - £23,750

Interested parties should make their own enquiries with the local rating authority regarding the retail and hospitality rates relief scheme. The scheme currently provides 75% relief until the end of March 2025. From 1st April 2025 this will reduce to 40%.

Offers invited over £375,000 for the long leasehold interest (999 years from 1st January 2008)

Energy Performance Certificates

EPC

Brochures

42 Back Turner Street, Manchester, M4 1FR

NEAREST STATIONS

Distances are straight line measurements from the centre of the postcode
  • Market Street Tram Stop0.2 miles
  • Mosley Street Tram Stop0.3 miles
  • Piccadilly Gardens Tram Stop0.3 miles

About Gifford Dixon Commercial Property, Manchester

First Floor Offices, 706 Wilmslow Road, Didsbury, Manchester, M20 2DW

Notes

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Disclaimer - Property reference 290419-1. 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 Gifford Dixon Commercial Property, Manchester. 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.

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