56-58 Oldham Street & 49 Spear Street, Near Piccadilly City Centre, Greater Manchester M4 1LE

Full description

• The property comprises a substantial double-fronted retail showroom in a prominent position with two stories plus basement.
• The site offers development potential for a variety of different uses subject to obtaining planning permission and the necessary consents.
• According to the Valuation Office the existing building on a net basis has a total area of 662.19m2 (7128 Sq.ft.)

• 56 Oldham Street
  The ground floor comprises of a shop with rear stores / offices. The upper two floors provide ancillary storage accommodation which could be converted to office premises.
  To the rear there is a loading bay.
  Gross Frontage                                 24’3”
  Shop Depth                                        35’
  Built Depth                                         75’9”
  Ground Floor                                     1,215 sq. ft.
  Basement                                           1035 sq. ft.
  First Floor                                            880 sq. ft.
  Second Floor (56 & 58)                   2,980 sq. ft.

• 58 Oldham Street
  The ground floor is at present trading as a shop with offices and stores to the rear. The first floor is presently a retail/storage area with offices to the rear. The second floor provides ancillary storage accommodation to which access is gained via 56 Oldham Street.
  Gross Frontage                                 15’
  Shop Depth                                        91’
  Built Depth                                         123’
  Ground Floor Shop                          1,848 sq. ft.
  Basement                                           2,070 sq. ft.
  First Floor                                            2,100 sq. ft.
   
• Total area approximate for 56 and 58 Oldham Street & 49 Spear Street: 11,289 sq. ft.

Location

The premises are located on the east side of Oldham Street, in the heart of the City Centre’s vibrant Northern Quarter District, the city’s main creative district with numerous design, IT, media and marketing companies all located close by. The property is also close to the city’s prime commercial and retail quarters, with rail and metro stations close by, with numerous car parks situated in the immediate vicinity. This site should prove to be an astute development for the long term investor. When visiting the site you will see the multitude of developments happening currently bringing even more life to this part of Manchester. The “Northern Quarter” as such did not exist as a distinct area until the mid-1990s when a number of interested parties got together and defined a boundary, came up with the name and branded the area as such. This proved to be extremely successful.

The Northern Quarter is popular today for its numerous bars and cafes, as well as a mix of music and clothes shops. Amongst these is Affleck’s Palace; a former department store which has been turned into a multi-storey bazaar for alternative clothing and knick-knacks.

Meanwhile, the area is something of a mecca for DJs, with shops such as Piccadilly Records, Vinyl Exchange, Vox Pop Records, Beatin’ Rhythm, Vinyl Resting Place, Eastern Bloc Records (formerly owned by Martin Price of 808 State, then by Pete Waterman) and, until 2009, Fat City Records (formerly run by Mark Rae).

Night life in the Northern Quarter includes music venues. The area is also famous for its bar scene.

The area is also known as a home to the creative industries, and in particular fashion design, with various designers, agencies, and clothing wholesalers populating its back streets. There are also a number of commercial art galleries in the area and street art is on prominent display. In Stevenson Square, the street level has a former public convenience used by the OutshouseMCR organisation for regularly changing examples of street art. OutshouseMCR also manages the urban art which decorates an electrical sub-station on Tib Street. On one wall of the sub-station, protected by Perpex, is said to be a painting by the artist Banksy. The Northern Quarter also hosted the Big Horn sculpture, which was removed in 2017 to make way for the new SyNQ residential.

Possession

Vacant on completion or Vacant on completion with a one / two year lease back

Contact:

Telephone: 07515 657269  

Misrepresentation Act: We take no responsibility for any error, mis-statement or omission in these details. Measurements are approximate and for guidance only. These particulars do not constitute an offer or contract and nobody has any authority to make any representation or warranty in relation to the property.

Although these particulars are thought to be materially correct their accuracy cannot be guaranteed and they do not form part of any contract.