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Agent's details

Regency House / Brazil House, 36-38 Whitworth Street / 46-50 Sackville Street, Manchester City Centre, M1 3NR

For sale: £3,300,000.00|18,706 Sq Ft|Retail - High Street, Leisure Property, Other, Retail, Licensed & Leisure, Other Property Types & Opportunities

Property details

FOR SALE£3,300,000.00
SIZE18,706 Sq Ft
ADDRESSRegency House / Brazil House, 36-38 Whitworth Street / 46-50 Sackville Street, Manchester City Centre, M1 3NR
TYPERetail - High Street, Leisure Property, Other, Retail, Licensed & Leisure, Other Property Types & Opportunities
TENUREInvestment Opportunity, For Sale Freehold
POSTED ON2nd January 2023

Description

An exciting opportunity to invest in a prime retail/leisure asset in the heart of Manchester City Centre.

An excellent freehold opportunity to invest in the fastest growing city in the UK.
Regency / Brazil House host a range of exciting and established businesses in one of
Manchester's most recognisable areas of the city.

Regency House / Brazil House comprises two adjoining attractive Grade II listed period buildings which have been extensively refurbished as 5 ground floor/lower ground retail/leisure units and 47 apartments above.

In addition, there is car parking at mezzanine and 1st floor level. The ground floor/lower ground commercial occupiers include a national gym operator - Bannatyne Health Club, a well established Japanese restaurant - Samsi, the popular Richmond Tea Rooms and the trailblazing Tribeca nightclub.

The individual apartments above have been sold on long leases and the sale includes the
income from the commercial units and ground rents from 47 apartments.

BUILDING HIGHLIGHTS

Prime location in the heart of Manchester City Centre.

Close to Piccadilly Gardens, Piccadilly Train Station and a short distance from Metrolink.

All city centre amenities including retail, bars, restaurants and hotels within close proximity.
Long established tenants.

Income from 5 commercial units plus ground rents from 47 apartments - current passing
rent £306,830 per annum.

Attractive net initial yield of 8.76%.

Freehold under title no. LA198462.

It should be noted that the sub basement floor of Bannatyne's gym (swimming pool) is held by Bannatyne's on a 99 year lease.
( Agency Pilot Software ref: 1116 )

Location

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Location: Regency House / Brazil House, 36-38 Whitworth Street / 46-50 Sackville Street, Manchester City Centre, M1 3NR

Manchester Piccadilly (0.3 miles)

Manchester Oxford Road (0.3 miles)

Deansgate (0.6 miles)

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