Retail/Commercial Unit To Let– Subject To Vacant Possession
The subject premises occupy a prominent location on St Mary’s Gate beneath the recently opened Fitness Space Gym and opposite the flagship Paperchase store. Other nearby occupiers include Oliver Bonas, & Other Stories and Zara.
St Mary’s Gate is an extension of Market Street, Manchester’s prime high street retail pitch, and links Deansgate with the popular New Cathedral Street where occupiers include, Harvey Nichols, Ralph Lauren, Paul Smith and M&S. St Mary’s Gate also connects with St Ann’s Square, which is home to a number of national multiple retailers including Office, Holland & Barrett, Barbour, The Real Buzz, French Connection and Watches of Switzerland.
The premises are arranged over ground and first floor and provide the following approximate net internal areas: -
|Ground Floor||166.76 sq.m||(1,795 sq.ft)|
|First Floor||66.51 sq.m||(716 sq.ft)|
(All measurements have been calculated in imperial and converted to metric).
The shop unit is available on a new effectively full repairing and insuring lease (subject to vacant possession).
Current estimate is £4,898 per annum.
From verbal enquiries, we understand the premises are assessed for rates as follows:-
|Rateable Value (2017)||£169,000|
Interested parties are advised to make their own enquiries with the Local Authority (Tel: 03000 501 501) or visit www.voa.gov.uk. Please note there is an ongoing rates appeal.
All figures quoted are subject to VAT where applicable.
The ingoing party is to be responsible for their own legal costs incurred in the transaction.
The property has an EPC rating of D (98). A copy of the EPC is available upon request.
We understand the premises benefits from A2 planning permission but would be suitable for a variety of uses, including café/restaurant, subject to planning.
Viewings should be made strictly by prior appointment through Nick McAllester or Luke Nicholson of this office or alternatively contact our joint agents Jackson Criss (Tel: 0207 637 7100).