Back to Pugh & Company

Investment property in city centre Manchester

Manchester, M1 - Get Access

Description

A unique city centre education investment comprising a three-storey building forming part of a converted Victorian mill. The property presents well internally, having been fully refurbished in recent years, and boasts an abundance of charm and original mill features, including striking exposed brickwork and impressive cast iron columns. The accommodation is arranged over lower ground, ground, and first floors, extending to a total of approximately 579 sq m (6,200 sq ft) and let in full to a further education college at £82,000 per annum, rising to £83,500 on a new 3-year lease. The property is situated in a prime location just off Whitworth Street West and within easy reach of Oxford Street, Deansgate, and First Street. A wide array of Manchester's thriving restaurants, bars, and shops can all be found within easy walking distance, along with excellent transport links.
Comparable sales
No comparables available.
Estimated market value
£
Range: £ — £
Medium confidence Floor Area: 6,200 sq ft (Listing)

Valuing this three-storey converted Victorian mill in central Manchester involves examining both investment yield and capital value per square foot. The property is currently let to an educational tenant generating an established income stream. Condition analysis indicates fair overall order with some external weathering requiring minor facade maintenance.

Unlock the full valuation
  • Exact estimated value and full value range
  • Detailed written analysis of how we reached this estimate
Unlock full report