Ground Floor 414 sq ft | Rent £35,000 or 10% of gross turnover
As one of Manchester’s busiest and most visible retail and leisure pitches The Gateway, aka “The Lazy-S”, provides the approach to Piccadilly Station, the UK’s 4th busiest station outside of London (30.2 million passengers in 2019, source: Network Rail). Increasingly The Gateway is not just a provision for the commuters, shoppers and passing through Piccadilly but as an amenity for the significant hotel population on the doorstep and the occupiers of the approx. 450,000 sq ft of office space within 500m.
Anchored by the 182-bed Staycity Apart-Hotel The Gateway provides a strong mix of national multiples and regional, independents, including Co-op, Greggs, Subway, Leon, Black Sheep, Moose, Bravissimi and Archies.
The subject premises are arranged over ground floor providing the following approximate net internal area:-
|Ground Floor||38.46 sq m||(414 sq ft)|
Available by way of a new 5 year effectively Full Repairing & Insuring Lease contracted outside of the security of tenure provisions of the Landlord & Tenant Act, 1954.
Base & Turnover Rent
Annual Base Rent of £35,000 or 10% of gross turnover (net of VAT), whichever is the higher, exclusive of service charge, building insurance, Business Rates and VAT.
The current service charge for 2021/22 is £962.
Waiting to be assessed for rates. Interested parties are advised to make their own enquiries with the Local Authority (Tel: 03000 501 501) or visit www.voa.gov.uk.
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 where applicable.
The property has an EPC rating of E (113). A copy of the EPC is available upon request.
Strictly by prior arrangement with Nick McAllester of this office.