Indemnity House, Chatham Street, Manchester, M1 3AY

Name: Indemnity House, Chatham Street, Manchester, M1 3AY
Address: Manchester

£1,550,000 offers in the region of

Overview

Description

Location

The property is situated on the south east side of Chatham Street at its junction with Roby Street in the heart of Manchester City Centre. Piccadilly Gardens is within close proximity as is Piccadilly Train Station and Metrolink Station.

All city centre shops, bars, restaurants, hotels and transport links are within close proximity.

In the immediate location, it is worth noting that the former Grade II listed bank premises adjacent to the subject property and the land next to this have plans in for a 22 storey hotel tower including 350 bedrooms.

DESCRIPTION

The property comprises an attractive three storey brick built period building beneath a flat roof (now a roof terrace).

Indemnity House was originally built in 1910 with its original tenant being the Manchester and Salford Boys & Girls Refuges and Homes Society.

Internally, the accommodation is arranged over ground, first, second floor and lower ground floor and comprises a series of class rooms/training rooms.

The property in the last few years has been refurbished as high quality character education space. Original features such as exposed brickwork, original tiled walls, original flooring including renewed parquet flooring, fire places etc have been refurbished and feature throughout the property. The property benefits from an air con/heating system throughout.

The flat roof is now a terrace which provides outdoor space for the occupier with several pods for students to use for one to one meetings or private study.

The property is leased to BSC Worldwide Ltd on the following terms:-

* 15 year lease from 1st February 2025
* £120,000 per annum (£21.91/sqft)
* 5 yearly rent reviews
* FRI terms

BSC Worldwide Ltd t/a BSC Education are a leading international education group offering a wide range of education and training to individuals and organisations across the globe. They currently have 7 centres located in London, Manchester, Brighton, York, Edinburgh, Malta and Kuwait City. Website - Learn English in Manchester I BSC Education.

The property is held freehold under title no LA46412.

A datalink will be available with various documents relating to the property which is available on request.

Summary

Key points

High quality refurbished characterful period building single let for education use to BSC Worldwide Ltd t/a BSC Education
Unique roof terrace with "Pods" for students
15 year lease from 1st February 2025