Building Plot Commercial For Auction
Mason Street, Manchester, Greater Manchester, M4

TO BE SOLD BY ONLINE AUCTION ON 25th JANUARY 2023 UNLESS SOLD PRIOR

Site at Mason Street, Manchester City Centre.

Permission granted for a six-storey building with two commercial units and 14 apartments with basement parking.

Situated on the fringe of the main city centre close to Victoria Rail Station in the fast paced development area of New Cross which is perched by the Ancoats and the Northern Quarter locations.

The area has seen numerous apartment completions close by on Mason Street with prices north of £200,000 and up to £300,000 (September 2021). Two bedroom apartments are currently renting between £1,000 to £1,300 currently yielding £12,000 to £15,600 per year.

The commercial units, dependent on use, we would expect to command a rent of around £25,000-£30,000 per annum combined (minimum).

The combined GDV is estimated circa £6M based on conservative prices.

The planning reference is 117470/FO/2017 and all parties are advised to make their own enquiries directly to Manchester City Council.

All plans and drawings provided are for guidance and purpose of illustration and identification only: please refer to the online legal paperwork. The sale price may be subject to VAT (awaiting confirmation)

You may download, store and use the material for your own personal use and research. You may not republish, retransmit, redistribute or otherwise make the material available to any party or make the same available on any website, online service or bulletin board of your own or of any other party or make the same available in hard copy or in any other media without the website owner's express prior written consent. The website owner's copyright must remain on all reproductions of material taken from this website.