Wakuwaku, 54 Portland Street, Manchester, M1 4QU

£200,000

Size

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Tenure

Leasehold

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Parking

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Primary use
Restaurant

Key features

  • 2D Japanese style restaurant
  • 40 covers
  • Viral restaurant concept
  • £31,200 rent with new lease possible
  • Turnover '25 - £1.2m
  • EPC Rating - C
  • Annual rent: £31,200
  • Christie & Co Ref: 5665050

Description

Description

Wakuwaku is one of Manchester's most distinctive hospitality venues and is widely recognised as the UK's first dedicated 2D Japanese restaurant. The concept has garnered significant attention thanks to its immersive hand-drawn interior, which transforms the entire venue into a monochrome, illustrated environment. Created over many months by the owners themselves, the design extends across the walls, ceilings, fixtures and furnishings, delivering a truly unique customer experience and a highly marketable social media presence.

Location

The premises occupies a prominent city centre position on Portland Street, one of Manchester's principal leisure and hospitality destinations. The property is situated moments from Chinatown, Piccadilly Gardens, Oxford Road and St Peter's Square, benefiting from strong pedestrian footfall throughout the day and evening from office workers, students, tourists and shoppers. The surrounding area is home to a diverse mix of independent operators, national brands, hotels and entertainment venues, making it a highly sought-after trading location.

Internal Details

The premises provide approximately 35-40 covers within an open-plan customer dining area incorporating a feature bar and service counter. To the rear is a fully fitted commercial catering kitchen together with ancillary storage accommodation and customer toilet facilities. The venue is presented to an excellent standard throughout and is equipped to continue trading immediately, offering purchasers a genuine turnkey opportunity requiring minimal additional capital expenditure.

Fixtures & Fittings

We have been advised that the majority of the fixtures and fittings are owned outright and will be included in the sale, subject to an inventory.

The Opportunity

This represents a rare opportunity to acquire an established, highly profitable and fully operational hospitality business in the heart of Manchester city centre. The business benefits from a loyal customer base, strong brand recognition and a unique proposition that is difficult to replicate. The operation can be run fully staffed, making it suitable for both owner-operators and arms-length purchasers seeking a managed business model. The current lease expires in 2029, with the potential for a longer-term commitment available subject to landlord approval. Opportunities to acquire a profitable, fully fitted restaurant with such a distinctive identity in a prime city centre location are exceptionally rare.

Trading Information

Turnover '25 - £1,189,414
GP ' 25 - £707,207 (59.5%)
Adj Nett '25 - £110,883 (9.3%)

Trading Hours

Tuesday - Saturday - 12.00pm - 10.00pm
Sunday - 12.00pm - 9.30pm

Business Rates

The Rateable Value is £22,000 with effect from April 2026. Confirmation of actual business rates payable should be obtained from the local authority.

Regulatory

Premises License

Additional information
Service charge
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Business rates
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Use class
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Listed building
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Business for sale
Yes
Leasehold: Ask agent
Tenure
Leasehold
Length of lease
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Energy performance certificate: C

An Energy Performance certificate helps you understand the current energy efficiency of a property.

Read more about EPC requirements

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Environmental data
BREEAM rating
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Environmental description
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Read more about energy considerations for commercial property

Brochure

Wakuwaku, 54 Portland Street, Manchester, M1 4QU

NEAREST STATIONS

London Tram

Mosley Street Tram Stop

0.15 miles

London Tram

Piccadilly Gardens Tram Stop

0.16 miles

London Tram

St Peters Square Tram Stop

0.2 miles

About Christie & Co, Pubs & Restaurants

Christie & Co, Pubs & Restaurants

Your trusted pub & restaurant property adviser

From traditional pubs and vibrant nightclubs to sophisticated wine bars and community-led social clubs, licensed trade businesses are our passion. We have unrivalled experience and expertise in the UK pub sector. — and with a network of 11 offices and the UK’s largest hospitality team, our clients benefit from unrivalled local market knowledge.

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Disclaimer - Property reference 5665050-lh. 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 Christie & Co, Pubs & Restaurants. 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.