Located within Manchester's vibrant Oxford Road corridor, this property is positioned in a key innovation zone surrounded by educational institutions and cultural landmarks. It boasts significant potential for refurbishment and redevelopment, particularly appealing for investors looking to increase income streams through various asset management strategies such as renovations, lease adjustments, or even transforming it into high-rise Purpose Built Student Accommodation (PBSA), pending planning approval.
The building encompasses a total area of 31,330 sq ft across its basement, ground floor, and five upper levels. Currently, it generates an annual income of £434,970 from a mix of residential apartments, leisure spaces, and offices. The estimated rental value suggests that with strategic improvements and modernization, this figure could rise to £514,725 per annum.
Characterized by attractive Victorian and Edwardian architectural elements—large sash windows and intricate cornices—this property offers both charm and opportunity for enhancement. It stands on approximately 0.183 acres in a bustling area frequented by students, making it an appealing prospect for future development while benefiting from the enhancements that can elevate its market value.
