Home > Auctions > 6 May 2026 06 May 2026 - 9:00am > Lot 83

6 May 2026: Wednesday 06 May 2026 - 9:00am
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    Key features

    • Prominent Freehold Mixed Use Investment
    • Well located in Manchester City Centre
    • Situated opposite the Arndale Centre (Greggs, Nike, Clarks, Dune etc)
    • Comprising a shop with 2 self-contained flats above
    • Benefits from a return frontage
    • VAT is not applicable
    • Investment let at £50,000 p.a. rising to £55,000 p.a. on 1 December and £58,000 p.a. in 2027 (9.52% GIY, rising to 10.47% then 11.04% based on Guide Price)

    Description

    This prominent property is arranged over basement, ground and two upper floors to provide a shop at basement and ground floor with 2 x self-contained flats above.


    The flats are accessed off Dantzic Street.

    Additional information

    Tenure

    Freehold

    Accommodation

    Ground Floor - 35.4 sq m (381 sq ft)

    Basement - 23.6 sq m (254 sq ft)


    First Floor - 25.4 sq m (273 sq ft)

    Second Floor - 25.4 sq m (273 sq ft)


    Total - 109.8 sq m (1,181 sq ft)

    Tenancy

    Basement and Ground Floor


    Let to Fresh Cuts (Manchester) Limited on a full repairing and Insuring (FRI) lease for a term

    of 16 years from December 2025 at £35,000 per annum.


    The lease provides for a fixed rental increase to £40,000 per annum from 1 December 2026


    The lease is contracted outside of the security of tenure provisions contained within the Landlord and Tenant Act 1954 Part II.


    First and Second Floors


    Let to Jehangir Abbas Malik on a full repairing and insuring(FRI) lease for a term

    of 10 years from July 2021 at £15,000 per annum.


    The lease provides for a fixed rental increase to £18,000 per annum in 2027 and £21,000 per annum in 2031.


    The lease is contracted outside of the security of tenure provisions contained within the Landlord and Tenant Act 1954 Part II.


    Total Current Rent £50,000 per annum rising to £55,000 p.a. on 1 December, £58,000 p.a. in 2027 and £61,000 p.a. in 2031

    Rent

    £50,000 per annum

    Notes

    Please note the areas provided are approximate. The photos and any drawings are for illustrative purposes only and may not reflect the exact boundary of the property. The property has not been internally inspected by Savills. Prospective purchasers must rely upon their own enquiries in this regard. Please refer to the legal pack. 

    Additional charges and fees might be charged by the seller and/or other third parties. You are strongly advised to read the Special Conditions of Sale for the Lot prior to bidding to check for any additional charges and fees.

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        No set viewings will be available on this property prior to auction due to the tenants in situ. Please refer to the legal pack for further information.

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        Occupier Plan -

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        Local information

        The property is prominently located in Manchester city centre fronting Shudehill, immediately adjacent to Shudehill Interchange, a major transport hub serving bus and Metrolink services. It lies on the edge of the Northern Quarter and within close proximity of Market Street, the Printworks, NOMA and Deansgate, providing access to a wide range of retail, leisure and commercial occupiers. Manchester Victoria railway station is within a short walking distance, with Piccadilly station easily accessible via Metrolink. The area benefits from strong pedestrian footfall and ongoing regeneration within the city centre.

        The Arndale Centre is situated opposite the property and includes Greggs, Nike, Clarks, Dune and Pandora amongst many others

        Transport

        The property benefits from excellent public transport connectivity, being immediately adjacent to Shudehill Interchange, one of Manchester city centre’s principal transport hubs, providing extensive bus services and direct access to the Metrolink tram network. Manchester Victoria railway station is within a short walking distance, offering regional and national rail services, while Manchester Piccadilly station is easily accessible via Metrolink or on foot. The inner ring road network is close by, providing convenient access to the wider Greater Manchester area and the regional motorway network.

        Legal documents

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        EPC rating

        If no EPC rating appears please refer to the legal pack.

        Guide prices and common auction conditions

        •Guide prices given are indications within 10% upwards or downwards of where the reserve price may be set at the time of going to print. Please note they are not an indication of the anticipated sale price or a valuation.

        •The reserve price is the minimum price at which the property can be sold.

        •Both the guide price and reserve price may be subject to change up to and including the day of the auction.

        •For unsold properties after an auction an Available price may be listed. This is the price that the seller(s) are looking for post auction, subject to contract and no higher offers, and has no relation to the guide prices listed prior to the auction sale.

        Please note that all prices listed, whether prior to or post auction, are subject to contract.

        The Auctioneers and sellers accept no responsibility for any loss, cost or damage that a buyer may incur as a result of relying on any guide price. It is the buyer's responsibility to decide how much they should bid for any lot. Please check with us for regular updates as guide prices are subject to change prior to the auction.

        The guide price does not include the buyer's fee charged by the auctioneer or VAT which may apply to the sale or other amounts the seller may charge. The seller's Special Conditions of Sale will state whether there are other seller's charges and whether the seller has elected to charge VAT on the sale price.

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