6 St Ann's Square Manchester M2 7HN

6 St Ann's Square
Manchester
M2 7HN

Freehold Retail and Office Investment

Ground floor and basement let to Choxbox Limited (trading as Mr Simms Olde Sweet Shoppe) with 9 years unexpired
Prominent pedestrianised location in Central Manchester close to King Street and Deansgate
Nearby occupiers include HSBC bank, Moss Menswear, Starbucks and Office shoes
Vacant offices over 4 upper floors with the potential to substantially increase rent received
Six Week Completion

Lot
7
Auction
17th October 2013
Rent
£95,000 per Annum Exclusive
Status
Sold
Price
£1,490,000
Auction Venue
The Millennium Hotel
44 Grosvenor Square
Mayfair
London W1K 2HP

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Freehold Retail and Office Investment

Ground floor and basement let to Choxbox Limited (trading as Mr Simms Olde Sweet Shoppe) with 9 years unexpired
Prominent pedestrianised location in Central Manchester close to King Street and Deansgate
Nearby occupiers include HSBC bank, Moss Menswear, Starbucks and Office shoes
Vacant offices over 4 upper floors with the potential to substantially increase rent received
Six Week Completion

Lot 7
Auction 17th October 2013
Rent £95,000 per Annum Exclusive
Status Sold
Price £1,490,000
Sector
High Street Retail
Auction Venue
The Millennium Hotel
44 Grosvenor Square
Mayfair
London W1K 2HP

Property Information

Location

Miles: 35 miles east of Liverpool; 200 miles north-west of London
Roads: A6, M60 (Junction 11), M62 (Junction 12)
Rail: Manchester Piccadilly
Air: Manchester Airport

Situation

The property is situated in a prominent pedestrianised position on the western side of St Ann’s Square, a niche location within central Manchester’s prime retailing area which enjoys excellent pedestrian footfall as a link between Market Street and King Street.

Tenure

Freehold.

Location

Miles: 35 miles east of Liverpool; 200 miles north-west of London
Roads: A6, M60 (Junction 11), M62 (Junction 12)
Rail: Manchester Piccadilly
Air: Manchester Airport

Situation

Tenure

Freehold.

Description

The property comprises a five storey attractive traditional building with ground floor retail sales area and basement ancillary space. The retail frontage has a central entrance with display windows either side. Above are 4 floors of office accommodation with prominent self-contained access off St Ann’s Square.

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	Review
Basement Ground	Ancillary Retail	122.91 sq m 129.04 sq m	(1,323 sq ft) (1,389 sq ft)	CHOXBOX LIMITED (t/a Mr Simms Olde Sweet Shoppe) (1)	10 years from 18/07/2012 until 17/07/2022 (1)	£95,000	18/07/2017
First Second Third Fourth	Office Office Office Office	148.64 sq m 151.43 sq m 119.75 sq m 148.46 sq m	(1,600 sq ft) (1,630 sq ft) (1,289 sq ft) (1,598 sq ft)	VACANT POSSESSION
Totals		820.23 sq m	(8,829 sq ft)			£95,000

(1) The lease to Choxbox Limited contains an option to determine on 18/07/2017 requiring a minimum of 6 months’ notice. Mr Simms Olde Sweet Shoppe is a successful franchise which operates from nearly 100 locations in the UK and Ireland. They are the UK’s leading high street and online sweet shop.
(Source: www.mrsimmsoldesweetshoppe.co.uk).