Sold for a Record Breaking £1,650,000
Auction House North West have broken another one of their records selling 76 Quay Street, a rare City Centre Freehold Opportunity in Spinningfields for £1,650,000 at their 4th July Auction!
This substantial vacant freehold office building provides accommodation over four floors and is prominently positioned fronting Quay Street at the junction of Young Street and Gartside Street, on the fringes of the Spinningfields district within Manchester City Centre. Spinningfields is now the dynamic financial quarter of the city centre, becoming Manchester’s leading business destination and a place to live and work as well as a place to eat, drink, shop and be entertained.
The sale makes it the most expensive commercial lot to be sold by Auction House North West.
Stuart Cooper, Director of Auction House North West said:
“We are delighted to have secured this sale which both substantiates our offering as the leading commercial property auctioneers in the region and underlines the continued demand for prime Manchester City Centre property.
The sale equates to over £300 per sqft. and is testament to our knowledge of the commercial property market and tailored marketing campaign for this unique property, ensuring that all Agents, developers, investors and owner occupiers were comprehensively targeted and fully aware of this opportunity. The sale price once again proves that auctions can achieve quick results at full market value, given the right conditions.”
The property is strategically located in Spinningfields within close proximity to several new city centre developments including St Johns/Granada Studios, Nickel and Dime, New Bailey together with the adjacent prime central core area of Spinningfields, boasting occupiers such as RBS, BDO plus many retail and restaurant occupiers including the recently opened Ivy Restaurant.
Internally the building benefits from raised floors, double glazing, central heating and air conditioning whilst providing mainly open plan floor plate, serviced by 2 no. stairwells, with the following net internal floor areas:
Total Net Internal Floor Area (inc lower ground floor) 516 sq m (5,556 sq ft)
Our next Auction will be held on 5th September and we are now inviting entries.
Speak to Stuart Cooper for more details.
Scroll through Internal & External shots
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All within a stones throw of Spinningfields
When many investment agents are saying that deals are not being done due to Brexit uncertainty there is clearly still opportunity to find buyers and this sale proves auctions are an alternative route worth considering.
View all Developments currently taking place in Spinningfields and throughout Greater Manchester.
Thanks to ‘City Co Manchester’ for their interactive Map.