Manchester Hospitality for Sale
High Quality Boutique Hotel - located on Peter Street Manchester City Centre location 32 individual En Suite Letting Bedrooms Peterman Bar - 100 covers Separate Restaurant/Events Venue Hotel newly developed and opened in 2023
The business trades as Forty Seven Hotel, The Peterman Bar and Restaurant, operating as a high quality Boutique hotel, the hotel opening in 2023.
Manchester is the commercial and administrative capital of the North West, providing a thriving and popular retail and commercial centre, which has seen significant regeneration over recent years.
The city has excellent road communications, including one of the most comprehensive motorway networks in the country, with the M60 Manchester Orbital motorway providing links to the regional and wider national motorway network. Manchester International Airport lies just 5 miles to the south of the city centre and rail services to London Euston are available in approximately 2 hours.
The city benefits from a light rail system known as the Metrolink which serves the surrounding suburban towns including Altrincham, Salford Quays, Oldham, Rochdale, Bury as well as Manchester Airport. The proposed second city crossing is nearing completion and runs from Manchester Victoria along Cross Street and Princess Street towards St Peters Square.
The Property is situated approximately 0.8 miles walk from Manchester Piccadilly Train Station, from which National Rail services operate. The area is surrounded by major motorways (M60, M56, M602, M62, M67). Manchester Airport is within a 25 minute drive.
The hotel accommodation is accessed via the main entrance on Peter Street. Immediately on entering the building there is an entrance lobby/ reception area, which leads to a new 8 person passenger lift and stair core, via a reconfigured existing flight of stairs. Wheelchair access is provided by the existing platform lift that was installed as part of the original restaurant fit out works.
The hotel operates at an equivalent 4-star standard luxury, with a design lead interior fit out, offering quality boutique style hotel accommodation.
Peter Street is a Grade Il listed property arranged over basement, ground and 4 upper floors and extends to c.17,000 sq ft (1,587 sq m). The redevelopment of the upper floors was completed in 2023 and comprises a 32-bed high end boutique Hotel. The hotel incorporates a bold interior design scheme that is sympathetic to the heritage buildings architecture.
The bedroom accommodation is arranged over the first to third floors and can be summarised as follows:
The restaurant and bar are located on the ground and lower ground floors, which also underwent a comprehensive refurbishment re-opening in August 2022.
Manchester has firmly established itself as the UK's second city and is the largest regional capital in the UK. It's become a dynamic environment for successful growth and a vital national hub known for its commerce, education, culture and its two footballing global superpowers.
The Peterman Restaurant and Bar are located on the lower and upper ground floors - the lower ground floor has a fully fitted bar, private dining room and c.40 covers. The main restaurant is on the upper ground floor, with c.120 covers. The space is also utilised by hotel guests as part of the Hotel offer. The hotel entrance is shared with the dining and bar areas.
The restaurant was refurbished in 2022 and features a contemporary design and fit out. The associated commercial kitchen, food preparation and storage area are located within the lower ground floor and basement areas.
The flexible private dining/meeting room created within the lower ground floor area has a capacity of up to 40 people.
The hotel includes office/administration areas, storage and plant area and welfare facilities for hotel staff.
We understand that mains electricity, water and drainage are available to the Property, although we have not made any enquiries of the respective service supply companies.
We understand that the Property is heated by gas central heating boilers and has air conditioning throughout. Buyers should make their own enquiries regarding the services and plant.
The property has an 8 person passenger lift serving basement and all upper floors.
The business comprises an established "Boutique" hotel, bar and restaurant. The restaurant is understood to have been trading on site since 2015, with the upper floor hotel opening mid-way through 2023, when the recent refurbishment was completed. The hotel operates as a high end boutique- style establishment, trading at effectively a 4-star level luxury hotel, focusing on high levels of service, design-led fit out and style.
The business operates with the benefit of a premises licence.
Offers are invited for the freehold interest in the property which is being sold by way of an asset sale of a full service going concern hotel business.
