Lindencourt House, 34 Charlotte Street, Manchester City Centre, M1 4FD

Name: Lindencourt House, 34 Charlotte Street, Manchester City Centre, M1 4FD
Address: Manchester City Centre

£2,350,000 offers in the region of

Overview

Description

Location

The property is located on the south west of Charlotte Street at its junction with Faulkner Street in the heart of Manchester City Centre.

Piccadilly Gardens is within close proximity and provides easy access to transport links including Metrolink and bus services. Piccadilly Train Station is less than 0.5 miles to the east. The property sits on the edge of China Town which boasts a wide range of long established restaurants.

All City Centre shops, hotels, restaurants, bars etc are within close proximity.

The property comprises a Grade II listed five storey, mid terraced brick built period building. The accommodation is arranged over basement, ground floor and four upper floors. Part ground and the upper floors are all vacant in shell form and in need of redevelopment.

OCCUPATIONAL LEASES/INCOME

In terms of occupational tenants, part ground floor is occupied by YUZU a well established Japanese restaurant. The lease was renewed for a term 10 years at a rent of £20,425pa. The basement is occupied by a Karaoke bar t/a Vina Karaoke on a 14 year lease from 1st September 2023 at a rent of £38,500pa. The total passing rent is £58,925pa. Further lease details contained within datalink available on request.

PLANNING OPPORTUNITY

Part ground and uppers are fully vacant in shell form and suitable for redevelopment for a variety of uses eg Residential Apartments, Offices, Co-Working, Education, Hotel, Clinic/Medical, Aparthotel, Serviced Apartments - all subject to obtaining any necessary consents.

Please note the property has current planning and listed building consent for character offices (granted 7 March 2024 for 3 years) - Planning Ref: 136926/LO/2023.

Previously, the property was granted planning for an apartment scheme in 2016 (now lapsed) for conversion to 12no self-contained apartments - Planning Ref: 110785/FO/2015/C2.

Summary

Key points

Part ground and uppers are fully vacant and suitable for redevelopment for a variety of uses eg Residential Apartments, Offices, Co-Working, Education, Hotel, Clinic/Medical, Aparthotel, etc - STP
£58,925pa rental income from 2 tenants over part ground floor & basement
REVISED PRICING - Offers in the region of £2.5m
Prime location in the heart of Manchester City Centre