Richard Lucas

Property Consultants

Unit 3, One Deansgate, Manchester

Unit 3 Deansgate

Location

The premises are situated in a highly-prominent location at the junction of St Mary's Gate with Deansgate and form part of the iconic, One Deansgate building. Retailers in close proximity include Lloyds TSB, Zara, Paperchase, French Connection and Marks and Spencer.

Description

The premises have the following approximate dimensions and floor areas:

Shop Frontage: (St Mary's Gate - splay) 7.45 m (24 ft 5 ins)
Return Frontage (Deansgate): 17.9 m (58 ft 8 ins)
Internal Width: 7.28 m (23 ft 10 ins)
Shop Depth (Max): 17.95 m (58 ft 11 ins)
Ground Floor: 107.76 sq m (1,160 sq ft)
Mezzanine: 33.91 sq m (365 sq ft)
Remote Storage (2 rooms) totalling: 176.5 sq m (1,900 sq ft)

Lease

The premises are held by way of a 20-year effectively full
repairing and insuring lease from 28 November 2003,
subject to five-yearly rent reviews. The current rent is
£135,000 per annum*.

*Please note, we understand that to date the November 2008 review
has not been activated by the landlords.

Rates

We have been verbally informed by the local rating authority that the property has been assessed for rating purposes as follows:

Rateable Value: £137,000
UBR (2009/10): £0.485
Rates Payable (2009/10): £66,445
Interested parties are advised to make their own enquiries with the local rating authority (0161 234 1103).

Legal Costs

Each party to be responsible for their own legal costs incurred in this transaction.

Viewing

Strictly by appointment with the sole letting agents, Richard Lucas Property Consultants Ltd.

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