109 Princess Street Manchester Greater Manchester M1 6JB

109 Princess Street
Manchester
Greater Manchester
M1 6JB

Freehold Leisure/Residential Investment

Let to ABA Leisure Limited (t/a Baby Platinum) until 2029
Situated in Central Manchester Leisure District
500 metres west of Manchester Piccadilly Railway Station
The property is held in a Single Purpose Vehicle (SPV) that may be available under separate negotiation
Six Week Completion Available

Lot
39
Auction
8th July 2010
Rent
£233,000 per Annum
Status
Withdrawn Post
Price
Auction Venue
Millennium Hotel
39-44 Grosvenor Square
Mayfair
London W1K 2HP

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Freehold Leisure/Residential Investment

Let to ABA Leisure Limited (t/a Baby Platinum) until 2029
Situated in Central Manchester Leisure District
500 metres west of Manchester Piccadilly Railway Station
The property is held in a Single Purpose Vehicle (SPV) that may be available under separate negotiation
Six Week Completion Available

Lot 39
Auction 8th July 2010
Rent £233,000 per Annum
Status Withdrawn Post
Price
Sector
Residential
Auction Venue
Millennium Hotel
39-44 Grosvenor Square
Mayfair
London W1K 2HP

Property Information

Location

Estimated District Population: 2,500,000
Miles: 52 miles south-west of Leeds; 37 miles west of Sheffield
Roads: M60, M6, M62
Rail: Manchester Piccadilly
Air: Manchester

Situation

The property is prominently situated in the heart of the leisure quarter some 500 metres south of the Deansgate, Manchester's premier retailing street. The property is situated on the north side of Princess Street at its junction with Bloom Street and Richmond Street. There is an eclectic range of leisure occupiers neighbouring the property.

Tenure

Freehold.

Location

Estimated District Population: 2,500,000
Miles: 52 miles south-west of Leeds; 37 miles west of Sheffield
Roads: M60, M6, M62
Rail: Manchester Piccadilly
Air: Manchester

Situation

Tenure

Freehold.

Description

The property is a substantial prominent GRADE II LISTED DETACHED PERIOD BUILDING comprising a GENTLEMEN'S CLUB on the upper ground floor and lower ground floor with ANCILLARY ACCOMMODATION in the basement. The upper four floors comprise an award winning conversion of thirty residential flats with separate access from Bloom Street.

VAT

VAT is applicable to this lot.

EPC

The EPC will be available to view online in the solicitor’s legal pack.

Description

VAT

VAT is applicable to this lot.

EPC

The EPC will be available to view online in the solicitor’s legal pack.

Tenancy & Accommodation

Floor	Use	Floor Areas (Approx)	Tenant	Term	Rent p.a.x	Reviews
Basement Lower Ground Upper Ground	Ancillary Bar/Club Bar/Club	198.57 sq m 522.35 sq m 465.60 sq m	(2,137 sq ft) (5,622 sq ft) (5,011 sq ft)	ABA LEISURE LIMITED (t/a Baby Platinum)	20 years from 19/03/2009 until 2029 on a full repairing and insuring lease	£230,000	19/03/2014 and 5 yearly
First-Third	Residential	Not measured	109 PRINCESS STREET MANAGEMENT COMPANY LIMITED	126 years from 01/01/1998 until 2124	£3,000
Totals		1,186.52 sq m	(12,770 sq ft)			£233,000

Floor

Use

Floor Areas (Approx)

Tenant

Term

Rent p.a.x

Reviews

Basement
Lower Ground
Upper Ground

Ancillary
Bar/Club
Bar/Club

198.57 sq m
522.35 sq m
465.60 sq m

(2,137 sq ft)
(5,622 sq ft)
(5,011 sq ft)

ABA LEISURE LIMITED
(t/a Baby Platinum)