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Kathmandu Restaurant, -, Palatine Road, Manchester - Image 1
Kathmandu Restaurant, -, Palatine Road, Manchester - Image 2
Kathmandu Restaurant, -, Palatine Road, Manchester - Image 3
Kathmandu Restaurant, -, Palatine Road, Manchester - Image 4
Kathmandu Restaurant, -, Palatine Road, Manchester - Image 5
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Kathmandu Restaurant, -, Palatine Road, Manchester - Image 8
Kathmandu Restaurant, -, Palatine Road, Manchester - Image 9
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Kathmandu Restaurant, -, Palatine Road, Manchester

North West

£395,000
Listed on 29/04/2026

Property Details

Bedrooms
N/A
Type
Commercial Property
Area
3661 sqft

Description

This substantial commercial property, measuring approximately 3,600 sq ft, presents a noteworthy investment opportunity located on the prominent Palatine Road in the thriving Northenden Village. Previously operated as a restaurant for an impressive 37 years, the premises is currently vacant, allowing for immediate reoccupation or redevelopment. The versatile layout offers significant potential for various commercial applications or the conversion of upper floors into self-contained residential apartments, subject to planning approval. The ground floor features a spacious dining area capable of accommodating around 75 guests alongside a fully equipped bar and air conditioning. There are also separate restroom facilities for both genders. On the upper level, a large banqueting hall can host approximately 100 patrons and benefits from independent access, making it suitable for dual income opportunities or standalone rentals. Additionally, there's an extensive cellar that provides valuable storage space. Situated in a bustling area with strong foot traffic and excellent transport links, this property enjoys a mixed-use catchment of residential and commercial establishments. As it is being sold as seen, buyers will need to manage any remaining items at completion. This property not only offers immediate use but also holds exciting potential for future developments and enhancements.

Investment Analysis

(M22 area)

Below Market Value

This property is priced -62.5% below area average per sq ft

-62.5%
Potential saving
This Property
£108/sq ft
Area Average
£288/sq ft
Avg Rent (weekly)
£260
Avg Yield
5.1%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£50,000 - £85,000
Target Value
£1,158,597
10% above area average per sq ft
Potential ROI
+141.4%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
29
Average per month
Market Turnover
27%
Properties sold annually

Local Market Trend (M22)

Area prices are rising by +2.1% over the last 12 months
3 year growth: +9.6%
5 year growth: +28.9%
Investment Disclaimer: Analysis based on M22 area averages and may not reflect property-specific factors like condition, exact location, or unique features. Any renovation cost estimates provided are AI-generated and should be considered indicative only. Renovation costs vary significantly based on property condition and scope of work. Always conduct professional surveys and get multiple quotes before making investment decisions.

Location

Kathmandu Restaurant, -, Palatine Road, Manchester
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Mortgage Calculator

£
£
£
%
%
years

Current average 2-year fixed rate is 3.91%

Current average variable rate is 6.62%

Monthly Repayments
£1,399
Based on a loan of £296,250 over 30 years at 3.91% interest

These results are estimates and are only intended as a guide. Make sure you obtain accurate figures from your lender before committing to any mortgage. Your home may be repossessed if you do not keep up repayments on a mortgage.

Stamp Duty Calculator

This calculation uses non-residential (land/commercial) tax rates.

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