Church House, 90 Deansgate, Manchester

Mixed-Use Refurbishment Opportunity with Repositioning Potential

• A rare opportunity to acquire a landmark building with immediate refurbishment and repositioning potential.
• Prime location fronting Deansgate, one of the main thoroughfare’s running through Manchester City Centre.
• The building sits within the St Mary’s Parsonage Strategic Regeneration Framework, which aims to create a revitalised, commercially led mixed-use neighbourhood in this micro-location.
• Church House extends to 58,915 sq ft over basement, ground and five upper floors.
• Producing a total rental income of £429,786 per annum.
• Weighted Unexpired Lease Term to Break of 11 years on the retail and leisure space.
• Significant reversionary potential with the retail, leisure and office rents substantially below market rent.
• The Diocese will take a 12-month leaseback (with a rolling tenant only break option from 1^st January 2023) on the space they occupy within the building, reducing initial holding costs for the new owner whilst any refurbishment or re-positioning plans are developed.
• Offers are sought in excess of £12,000,000, reflecting a low capital value of £204 psf.