Offers in region of
£2,500,000
(£122.76/sq. ft)
Property for saleProgress Centre, Charlton Place, Ardwick, Manchester M12
20,365 sq. ft
About this property
Investment opportunity on the periphery of Manchester City Centre Converted former mill premises providing characterful studio/office accommodation
Current gross income £209,580 per annum and erv of £228,780pa on letting of vacant suite
Future redevelopment potential subject to any necessary consents
The property comprises four storey former mill premises which in recent years has been converted to provide characterful studio/work space and office space. There is also additional
storage space at basement level. The property is of traditional brick construction beneath a double pitched slate covered roof. Internally the property is split on each floor into a number of separate self contained suites. The property is currently occupied by c 17 tenants. There is an excellent mix of occupiers mainly within the creative industry including online retailers, social media content creators, rehearsal/recording studios etc. To the front of the property there are a few parking spaces.
The property is held freehold under title no.s GM444187, GM348490.
Mortgage calculator
£12,506 per month
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