Swan Street, Manchester, M4 5JU
£228.57 per sq ft
Business rates & charges may apply
- SIZE AVAILABLE
7,000 sq ft
650 sq m
- SECTOR
Office for sale
Key features
- Large glass frontage & basements.
- Suitable for a variety of uses subject to planning
- Tenanted & income producing
- Excellent location
- Close to Shude Hill Bus Interchange
- On a busy road (A665)
- Close to the Manchester Arena
- Close to the Northern Quarter
- Potential for an additional floors
Description
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.
Swan Street, Manchester, M4 5JU
NEAREST STATIONS
Distances are straight line measurements from the centre of the postcode- Manchester Victoria Station0.3 miles
- Market Street Tram Stop0.3 miles
- Piccadilly Gardens Tram Stop0.4 miles
Notes
Disclaimer - Property reference swan-street. 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 Ivy Business Centre Ltd, 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.
Map data ©OpenStreetMap contributors.