Withdrawn
Withdrawn Prior
Sold
Sold Prior
Sold Post
A substantial long leasehold investment , occupying a prominent position in Manchester City Centre. The property comprises a 2,053 sqft(190.74sqm) triple frontage restaurant unit over ground floor and basement , and 9 x 2- bedroom self contained apartments to the upper floors . There is clear asset management potential via the agreement of a new lease.
Please refer to the tenancy section for the full tenancy schedule.
The property occupies a prominent position on Liverpool Road, Deansgate. The immediate area provides a plethora of retail , leisure and hospitality venues. Notable occupiers include, Odeon Cinema, Hawksmoor, Dirty Martini, Hilton Hotel and many more.
Tenure
Long Leasehold - 150 years less 2 days from 24 December 1999. Subject to a ground rent of £3,000 per annum (The ground rent is payable in whole by LFB Restaurants LTD) .
There are no provisions for rent reviews during the term of this lease.
Tenancy
The ground floor and basement restaurant is let entirely to LFB Restaurants Ltd trading as Italiana Fifty Five - who operate three branches across Manchester. Please see the below link to their website.
Rent
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.