Property photos
Freehold
£6,250,000
(£199.49/sq. ft)
Property for sale
Wakefield House, 7-13 New Wakefield Street, Manchester, Greater Manchester M131,330 sq. ft
Local area information
Property location
Nearby amenities
- Manchester Oxford Road 0 miles
- St Philip's Church of England Primary School 0.3 miles
- Deansgate 0.3 miles
- Abbey College Manchester 0.5 miles
These distances are calculated in a straight line. The actual route and distance may vary.
Read our area guide for Manchester to find out more about the local area.
Features and description
- Freehold
- Situated off Oxford Road in the heart of the vibrant student area of Manchester City Centre.
- Investment with future development potential.
Situated in the heart of the Oxford Road corridor, Manchester's innovation district surrounded by knowledge institutions and cultural hotspots, offering a wealth of major leisure and commercial outlets.
Surrounded by high rise developments of significant scale and mass delivered by industry leading developers including Bruntwood's Circle Square, Unite's Bridgewater Heights and Artisan Heights providing heights of up to 38 storeys.
A striking period asset offering diverse income from multiple sectors comprising Residential, Office and Leisure uses.
Significant asset management opportunities to drive the income and value of the property through refurbishment, conversion, lease renewals / re-gears or wholescale development for a high rise Purpose Built Student Accommodation (pbsa) development Subject to Planning.
Comprising a total floor area of 31,330 sq ft across basement, ground and 5 upper floors.
The asset provides a Gross Income of £434,970 per annum derived from *16x apartments let on Assured Shorthold Tenancies, 2x leisure tenancies and 2x office tenancies, with an Estimated Rental Value of £514,725 per annum. *Including Rent Guarantee.
The site extends to c. 0.183 acres. The existing buildings provide a mix of office, leisure, and
residential accommodation providing a total of 31,330 sq ft on a Net Internal Area basis.
The characterful brick buildings have charming Victorian and Edwardian features including large sash windows and decorative cornices. With prominent features, the general arrangement of each building consists of basement, ground, and three upper floors.
Current Income £434,970pa, with erv of £514,725pa.
Situated off Oxford Road in the heart of the vibrant student area of Manchester City Centre.
Investment with future development potential.
Surrounded by high rise developments of significant scale and mass delivered by industry leading developers including Bruntwood's Circle Square, Unite's Bridgewater Heights and Artisan Heights providing heights of up to 38 storeys.
A striking period asset offering diverse income from multiple sectors comprising Residential, Office and Leisure uses.
Significant asset management opportunities to drive the income and value of the property through refurbishment, conversion, lease renewals / re-gears or wholescale development for a high rise Purpose Built Student Accommodation (pbsa) development Subject to Planning.
Comprising a total floor area of 31,330 sq ft across basement, ground and 5 upper floors.
The asset provides a Gross Income of £434,970 per annum derived from *16x apartments let on Assured Shorthold Tenancies, 2x leisure tenancies and 2x office tenancies, with an Estimated Rental Value of £514,725 per annum. *Including Rent Guarantee.
The site extends to c. 0.183 acres. The existing buildings provide a mix of office, leisure, and
residential accommodation providing a total of 31,330 sq ft on a Net Internal Area basis.
The characterful brick buildings have charming Victorian and Edwardian features including large sash windows and decorative cornices. With prominent features, the general arrangement of each building consists of basement, ground, and three upper floors.
Current Income £434,970pa, with erv of £514,725pa.
Situated off Oxford Road in the heart of the vibrant student area of Manchester City Centre.
Investment with future development potential.
More information
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