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19 Lever St - Chatsworth House
4,500 SF Retail Unit Offered at £1,400,000 in Manchester M1 1BY
Investment Highlights
- Road fronted within Manchester city centre
- Well established position close to Piccadilly, Oldham Street & Dale Street
- Scarce investment opportunity in Manchester’s Northern Quarter
- Vibrant, eclectic mixed residential, retail, commercial and leisure sector
- 4,500 sq ft floorspace and 8 car parking spaces included
Executive Summary
The property is located in the heart of Manchester’s Northern Quarter along Level Street, very close to the long and very well established Piccadilly area and adjacent to Dale Street and Spear Street and only a short 2-minute walk to Oldham Street. The Northern Quarter is a trendy neighbourhood with vibrant street art, bohemian bars, and independent retailers such as record and book shops. It is also home to some of Manchester’s well known and popular bars and restaurants and liveliest music venues
Property Facts
| Price | £1,400,000 | Sale Type | Investment |
| Unit Size | 4,500 SF | Building Class | B |
| No. Units | 1 | Number of Floors | 8 |
| Total Building Size | 65,760 SF | Typical Floor Size | 7,884 SF |
| Property Type | Retail (Unit) | Year Built | 1973 |
| Property Subtype | Storefront Retail/Residential | Lot Size | 0.62 AC |
| Price | £1,400,000 |
| Unit Size | 4,500 SF |
| No. Units | 1 |
| Total Building Size | 65,760 SF |
| Property Type | Retail (Unit) |
| Property Subtype | Storefront Retail/Residential |
| Sale Type | Investment |
| Building Class | B |
| Number of Floors | 8 |
| Typical Floor Size | 7,884 SF |
| Year Built | 1973 |
| Lot Size | 0.62 AC |
1 Unit Available
Unit 19-23
| Unit Size | 4,500 SF | Sale Type | Investment |
| Price | £1,400,000 | Tenure | Long Leasehold |
| Price Per SF | £311.11 | Net Initial Yield | 6.81% |
| Unit Use | Retail | NOI | £95,340 |
| Unit Size | 4,500 SF |
| Price | £1,400,000 |
| Price Per SF | £311.11 |
| Unit Use | Retail |
| Sale Type | Investment |
| Tenure | Long Leasehold |
| Net Initial Yield | 6.81% |
| NOI | £95,340 |
Description
The property comprises of a ground floor commercial/retail unit within Chatsworth House and trades as Chapter One Books an independent bookstore and café. The floorspace is very well fitted out and an inspection of the property is thoroughly
recommended
Sale Notes
The property is let to Moat & Castle Limited under the terms of a 12-month licence agreement commencing 1 March 2023 at a rental of £100,000 plus vat/annum. Moat & Castle Limited trade
as Chapter One Books It is understood that the occupational
tenant wishes to enter into a longer-term commitment. Further details on application
Amenities
- Bus Route
- Roller Shutters
- Storage Space
Nearby Major Retailers
-
Mark Warburton -
Mark Warburton Chartered Surveyors
Presented by
19 Lever St - Chatsworth House
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