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15a, Corporation Street, Manchester
Located immediately opposite M&S and Selfridges
Sub lease available
The subject property occupies a central location in the heart of Manchester City Centre. The unit is situated immediately opposite Marks & Spencer and Selfridges.
The Arndale Shopping Centre is located immediately to the rear.
Top Man, WHS and Foot Asylum are located close by. Nearby prime Market Street hosts Schuh, Espirit, Urban Outfitters, Mango and Nike.
The premises comprise the following approximate net internal floor areas:-
|Internal Width||20' 0"||6|
|Shop Depth||49' 0"||15|
|Demise||Sq. ft.||Sq. m.|
|Ground Floor Sales||938||87|
|First Floor Sales||936||87|
The premises are arranged over two trading floors at ground and first floor level.
A passenger lift and disabled WC are in situ.
The current passing rent under the head lease is £102,000 per annum exclusive.
However, we are inviting sub lease rental offers in the order of £85,000 per annum exclusive, but with higher incentives available on an assignment basis.
The unit is offered by way of an assignment for a term due to expire 23rd June 2026, or, on a new effectively full repairing and insuring sub lease for a term of years to be agreed.
We understand that the unit is assessed under the 2010 revaluation at £94,500. From 1 April 2013 the Rates Payable will be £44,509.50 per annum.
Interested parties should satisfy themselves as to the rateable value and business rates payable by making their own enquiries with the Rates Department at Manchester City Council
Each party to be responsible for their own legal and professional costs incurred in this transaction.
Unless otherwise stated, all prices/rents are quoted exclusive of VAT.