140 Deansgate

LOCATION & SITUATION The property occupies a prime and prominent position fronting Deansgate in Manchester City Centre, just south of its junction with Bridge Street and John Dalton Street. Deansgate is a prime leisure destination and forms one of the city’s prime bar restaurant and leisure pitches. Surrounding occupiers include a number of national operators including The Box, Sexy Fish, Gusto, Hawksmoor, Wagamama, Australasia, Six By Nico, Rosa Thai, Dishoom and Mulligans. The immediate adjacent occupiers include the popular public houses of The Sawyers Arms, The Lost Dene whilst Motley and Yotel are located directly opposite. Spinningfields is located to the immediate south, whilst the main retail core is located within a 5 minute walk of the Property. DESCRIPTION The Property comprises a mid - terraced four storey building with basement of red sandstone construction with parapet wall to the front elevation. ACCOMMODATON Internally the accommodation is provided at basement, ground and first floor (deemed the main trading areas), in addition to the second and third floors. A stairwell to the front provides access to the upper floors and the basement whilst a rear purpose built stairwell provides access to the basement, first and second floors. The building offers a range of heritage features throughout. The accommodation is currently presented to a shell open plan condition throughout, although the current Tenant undertook some initial works in 2016 to prepare the property for a full public house fitout. This includes a new rear fire stairwell, tanked and boarded walls to the basement with a new concrete floor in addition to associated electrical and fire protection works. TENANCY Available by way of a lease assignment on full and insuring terms at the passing rent of £148,000 pa for a term until 4th April 2036 (12 years unexpired – Tenant break option) or to 4th April 2041 (17 years to lease expiry). Sub lease offers may also be considered.