This property presents a unique opportunity for those looking to invest in a prominent freehold asset located in the bustling heart of Manchester's city centre. With a total net internal area of 10,033 sq ft, the building is arranged over the basement, ground, and three upper floors, offering considerable space for various potential uses.
As an attractive Grade II* listed structure, this former banking hall and office space combines historical charm with modern possibilities. The property features two interconnected buildings: the original Banking Hall, which offers a significant return frontage onto St Ann's Square, and the adjacent Old Bank House. This prime corner location is situated within Manchester’s vibrant retail and leisure district, making it a highly desirable spot for both foot traffic and visibility.
The versatility of this property cannot be overstated. It is suitable for retail storefronts, leisure facilities, office spaces, or even full redevelopment opportunities (subject to planning). With vacant possession available upon completion of necessary seller works, new owners can immediately commence renovations or reconfiguration to suit their vision.
The layout includes ample floor space across both buildings: The Bank Hall comprises approximately 4,979 sq ft across several levels while the Old Bank House adds another 5,054 sq ft. The configuration allows for potential amalgamation at the basement and ground floor levels if sought after.
Investors will appreciate that this opportunity comes without VAT implications and represents a low capital value per square foot. Furthermore, being in a sought-after location with various usage possibilities enhances its appeal as more than just a property—it’s an investment into one of Manchester’s most thriving areas. Each party will be responsible for their own costs during this transaction process.
In summary, this unique freehold property not only holds historic value but also offers significant renovation potential that could lead to substantial returns on investment.
