Mynshulls House 14 Cateaton St 3,881 sq ft 100% Let Office Property Manchester M3 1SQ £1,125,000 (£289.87/sq ft)

The subject property occupies a prominent position in Manchester City Centre, at the junction of Cateaton Street, Victoria Street and Deansgate. Manchester Cathedral is adjacent to the north and Manchester’s Arndale Shopping Centre to the east. The properties are adjacent to Havey Nichols and Exchange Square. This is a prime location within walking distance to Victoria Train Station and Exchange Square Tram stop. The property is a short walk to Q Parks, Embankment and Citi Park, Manchester Arena where season tickets are available for parking.
For Sale - vacant office and retail / ground rent investment A superb opportunity to acquire an operationally modern, yet externally unique and attractive Grade II listed office building and an income producing retail and residential investment, situated in the heart of Manchester. Mynshull's House: An attractive Grade II listed office arranged over basement, ground and two upper floors offered with vacant possession. The refurbished office accommodation provides a high standard of workspace, offering a mix of open plan and meeting space, with glazed partitions. A Boardroom is located in the basement together with kitchen facilities. The specification includes: VRF Air Conditioning 8 person passenger lift LED lighting Feature glazing to rear Spectacular views of Cathedral Modern offices with good natural light Mynshull’s House is a unique opportunity both in terms of quality and location. The accommodation would suit a range of uses from traditional office uses to beauty and cosmetic clinic, dental surgery or private doctor’s surgery. We believe the estimated rental value of the property to be £35 psf on a fitted basis, which equates to c£80,000 pa. Britannic Buildings: Britannic Buildings comprises an income producing retail unit at ground/ basement level, with residential accommodation above (sold off long leasehold and subject to ground rent). The retail unit is let to Barbers Triangle Ltd, guaranteed by Mancunian Barbers Ltd on a 10 year lease from 18/09/2023 at a current rent of £35,000 pa. There is an upward only rent review and tenant option to break on the 5th anniversary (09/2028) of lease commencement. Self contained residential apartments on the upper floors have been sold off on 200 year leases from 2008 and currently generate £1,000 pa, with 10 yearly upward only rent reviews to RPI (next review 2028). There is a residential management company that covers the repairs and roof of the upper floors.
24/7 Access Meeting Rooms Kitchen Shower City Centre Location Glazed Frontage Mynshull’s House is offered for sale with vacant possession. The property is considered to have an ERV of c£80,000pa (£35 psf). Britannia Buildings, provides an income of £35,000pa from the retail unit and a further £1,000pa from the residential ground rents. The combined passing rent is therefore £36,000pa with the opportunity to progress this to in excess of £116,000 pa on letting the vacant, refurbished office accommodation.