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Open Plan Retail Space, 42-44 Fountain Street, Manchester, M2 2BE

1,321 Sq Ft / Retail / General Retail

Withdrawn - Last updated: 20 December 2023

An iconic and eye-catching building within the heart of Manchester city centre, with six floors of office suites above the available ground floor retail space.

The available space is the front half of the building with separate access from the corner of Fountain and York Street leading to open plan contemporary retail space currently being used by the London School of Barbering. Suitable for several uses including retail, leisure, café and restaurant use.

Location

Situated on the corner of Fountain and York Street in a busy and bustling area of Manchester City Centre, boasting a multitude of high-end retail, office, and leisure operators.

The popular Northern Quarter, St Peter’s Square and Piccadilly Gardens tram stops are all within a 5-minute walk and all mainline train stations are within a 10-minute walk.

Accommodation

The available ground floor space has been measured on a (NIA) net internal area basis and provides 122.77 sq m (1,321 sq ft) of open plan retail space.

Terms

SERVICES - We understand that mains gas, electric, water and drainage are connected to these premises.

RENT - The property is offered with an asking rent of £XXX per annum, payable quarterly in advance.

TERMS - The property is held on an existing lease to London School of Barbering expiring May 2028. Part of the ground floor (edged yellow on plan) is available by way of sub-lease agreement for the residue of the lease on effective FRI terms.

EPC - B (28)

BUSINESS RATES - The rates will need to be reassessed once the ground floor unit has been properly separated.

The current rateable value for the whole ground floor is £XXX therefore we anticipate that the rateable value of the demised area once split shall be in the region of £XXX

LEGAL COSTS - The ingoing tenant is to be responsible for the landlord’s legal costs in this matter. Otherwise, each party are to be responsible for their own legal costs incurred in this transaction.

VAT - We understand that VAT is applicable to the rent on this unit.


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