A rare opportunity to acquire the freehold of a Grade II listed character office building in Manchester city centre, originally constructed as a 19th century shipping warehouse.
• Retained original features — exposed brickwork, cast iron columns, steel and timber beams, generous floor-to ceiling heights and traditional sash windows.
• Total net internal area of 21,302 sq ft arranged over ground and four upper floors, together with 8 secure basement car parking spaces.
• Prominently located within the Portland & Oxford Corridor, Manchester’s established innovation and knowledge district, moments from Oxford Road and Piccadilly stations and the St Peter’s Square Metrolink interchange.
• Recently refurbished reception, 8-person passenger lift, secure basement parking, bicycle storage and modern end-of-journey facilities including four showers.
• Part-let to JM Architects and Webgains, producing a current passing rent of £92,695.50 per annum as of the 9th of December 2026, with substantial reversionary and asset management potential.
• A clear value-add proposition: a total ERV of £502,724 per annum reflecting a reversionary yield of 16.57%.
Originally constructed in the 19th century as a shipping warehouse, 54 Princess Street is a landmark red brick building of exceptional character in the heart of Manchester. Grade II listed, it has been sensitively adapted for contemporary office use whilst retaining most of its original features.
A slice of New York in the heart of Manchester, 54 Princess Street offers stripped back workspaces, with high ceilings, exposed brickwork, steel and timber beams, cast iron pillars and sash windows reminiscent of a New York style loft. Ground floor suites and communal areas are refurbished to an excellent standard, with a striking reception area and collaborative workspace.
