13, Quay Street Manchester M3 3HN

13, Quay Street
Manchester
M3 3HN

Freehold Leisure Investment

Entirely let to Intertain Group Ltd (t/a Walkabout) until 2033 (subject to option)
Attractive building in city centre location
Located between Spinningfields business district and Great Northern Square leisure quarter
Future development potential (subject to consents)
Nearby occupiers include Starbucks, Tesco and Sainsbury's
Six Week Completion Period available

Lot
21
Auction
14th February 2013
Rent
£150,000 per Annum Exclusive
Status
Sold Prior
Price
Auction Venue
Millennium Hotel
44 Grosvenor Square
London W1K 2HP

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Freehold Leisure Investment

Entirely let to Intertain Group Ltd (t/a Walkabout) until 2033 (subject to option)
Attractive building in city centre location
Located between Spinningfields business district and Great Northern Square leisure quarter
Future development potential (subject to consents)
Nearby occupiers include Starbucks, Tesco and Sainsbury's
Six Week Completion Period available

Lot 21
Auction 14th February 2013
Rent £150,000 per Annum Exclusive
Status Sold Prior
Price
Sector
Leisure
Auction Venue
Millennium Hotel
44 Grosvenor Square
London W1K 2HP

Property Information

Location

Miles: 34 miles east of Liverpool, 40 miles south of Leeds
Roads: M60, M62, M602
Rail: Deansgate, Manchester Piccadilly (direct to London Euston)
Air: Manchester International Airport

Situation

The property is situated in a prime city centre location on the southern side of Quay Street (A34), near its junction with Deansgate (A56) between Spinningfields business district and the busy Great Northern Square leisure quarter. Nearby occupiers include Starbucks, Tesco and Sainsbury's.

Tenure

Freehold.

Location

Miles: 34 miles east of Liverpool, 40 miles south of Leeds
Roads: M60, M62, M602
Rail: Deansgate, Manchester Piccadilly (direct to London Euston)
Air: Manchester International Airport

Situation

Tenure

Freehold.

Description

The property comprises a bar over ground and first floors, a nightclub on second floor and hotel accommodation on third and fourth floors with basement cellar/kitchen accommodation. The property benefits from both passenger and goods lifts to all floors and loading access to the rear via Artillery Street.

VAT

VAT is applicable to this lot.

EPC

The EPC will be available to view online in the solicitor’s legal pack.

Description

VAT

VAT is applicable to this lot.

EPC

The EPC will be available to view online in the solicitor’s legal pack.

Tenancy & Accommodation

Floor	Use	Floor Areas (Approx)		Tenant	Term	Rent p.a.x	Reviews
Ground First Second Third Fourth Basement	Bar Bar Nightclub Hotel Hotel Cellar/Kitchen	564 sq m 574 sq m 575 sq m 530 sq m 515 sq m 575 sq m	(6,070 sq ft) (6,178 sq ft) (6,189 sq ft) (5,705 sq ft) (5,543 sq ft) (6,189 sq ft)	INTERTAIN GROUP LTD (1) (t/a Walkabout)	35 years from 08/12/1998 until 07/12/2033 on a full repairing and insuring lease (2)	£150,000	08/12/2013 and five yearly
Totals		3,333 sq m	(35,874 sq ft)			£150,000

(1) Formed in October 2009, Intertain Group Limited operate 36 bars and comedy venues and is one of the leading hospitality companies on the high street.
(Source: www.intertainuk.com 16/01/2013)
(2)The lease provides a mutual option to determine on 8th December 2013, subject to 6 months’ notice.