This property presents a compelling opportunity for renovation and investment in a prime location within Manchester's city center. With an impressive glass frontage and sizeable basement areas, the site has the potential to accommodate various uses, subject to planning approval.
Currently generating income from established tenants, the property benefits from its close proximity to significant transport links, including the Shude Hill Bus Interchange and Metrolink services. The bustling atmosphere of the surrounding area enhances its appeal, with key landmarks such as Manchester Arena and the Northern Quarter just moments away. In addition to being situated on a busy thoroughfare (A665), this location is part of a vibrant district undergoing continuous development.
Investors will find substantial potential here, particularly with possibilities for extending existing structures or even adding additional floors. The current layout includes two commercial properties along with a car park, totaling approximately 7,005 square feet. Combined rental income from existing tenants contributes around £125,000 annually, providing immediate cash flow while you explore further development options.
The local context highlights Manchester City Council's commitment to revitalizing the New Cross area, which encourages both residential and commercial growth. This makes it an attractive proposition for developers looking to capitalize on emerging opportunities in a rapidly evolving neighborhood.
While there is currently no planning permission in place, potential avenues for redevelopment include mixed-use residential and commercial schemes — potentially exceeding 250 units — as well as options for hotels or serviced apartments. This versatility adds significant value to the property as an investment opportunity in one of the UK’s most dynamic cities.
