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Church House, 90 Deansgate, Manchester

Church House 90 Deansgate Manchester, United Kingdom M3 2GH
Asking Price
Area Size
NOI Net Operating Income N/A
NIY N/A

Documents

I accept the confidentiality agreement
Create an account on the Investor Center to save your search and investment preferences, save and share opportunities, access exclusive documents, and more. More questions? Visit our FAQ. Approval for Deal Room access requires review by our Broker Team. You will be notified by email once your access is granted. More questions? Visit our FAQ. You'll need to sign a Confidentiality Agreement (CA) to access exclusive documents in the Deal Room. Signing the CA means you agree not to divulge or release sensitive information related to this property. More questions? Visit our FAQ.
I accept the confidentiality agreement I accept the confidentiality agreement
Create an account on the Investor Center to save your search and investment preferences, save and share opportunities, access exclusive documents, and more. More questions? Visit our FAQ. You'll need to sign a Confidentiality Agreement (CA) to access exclusive documents in the Deal Room. Signing the CA means you agree not to divulge or release sensitive information related to this property. More questions? Visit our FAQ.

Attributes

Property Reference Number 10091810063
Year Built 1911
Building Area Net

Asset Description

Mixed-Use Refurbishment Opportunity with Repositioning Potential

Investment Highlights

  • A rare opportunity to acquire a landmark building with immediate refurbishment and repositioning potential.
  • Prime location fronting Deansgate, one of the main thoroughfare’s running through Manchester City Centre.
  • The building sits within the St Mary’s Parsonage Strategic Regeneration Framework, which aims to create a revitalised, commercially led mixed-use neighbourhood in this micro-location.
  • Church House extends to 58,915 sq ft over basement, ground and five upper floors.
  • Producing a total rental income of £429,786 per annum.
  • Weighted Unexpired Lease Term to Break of 11 years on the retail and leisure space.
  • Significant reversionary potential with the retail, leisure and office rents substantially below market rent.
  • The Diocese will take a 12-month leaseback (with a rolling tenant only break option from 1st January 2023) on the space they occupy within the building, reducing initial holding costs for the new owner whilst any refurbishment or re-positioning plans are developed.
  • Offers are sought in excess of £12,000,000, reflecting a low capital value of £204 psf.
Last Updated Date: 23 Mar 2022

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Last Updated Date: 23 Mar 2022

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