Manchester has established itself as the capital of the north, being the largest financial and business centre outside of London, with the economy doubling in value over the last 20 years with a £62bn GVA
The city boasts the largest student population within Europe spread across four universities with a population of over 100,000 students
St Ann’s Square is considered as one of Manchester City Centres most historic and recognisable public spaces and sits within the heart of the prime retail core
The square serves as a key pedestrian throughfare, connecting Deansgate, New Cathedral Street and the Arndale Shopping Centre attracting approximately 30,000 pedestrians on weekends
The property comprises a ground floor retail unit and forms part of four storey building of traditional brick construction under a pitched roof.
Total floor area of 2,768 sq ft (841 sq ft ITZA)
Let to Nero Holdings Limited t/a Caffé Nero
10-year FRI lease wef 15 March 2024, expiring on 14 March 2034 (subject to tenant break option on the sixth anniversary)
£80,000 per annum (£95 psf ITZA) on 15 March 2028
Rent to be reviewed on 15 March 2029 on a OMRV basis
New long leasehold title for a term of 999 years at peppercorn
