44/50 Portland Street, Manchester City Centre

Property details

The property is located on the north west side of Portland Street close to its junction with Charlotte Street in the heart of Manchester City Centre.

The property comprises a Grade II listed five storey, mid terraced brick built period building. The accommodation is arranged over basement, ground floor and four upper floors.

The upper ground floor unit and upper floors are all vacant and in need of redevelopment. There is an old lift within the property which is not currently in use.

Please note there is a small kiosk at ground floor level which produces a rent of £5,000pa on a 15 year lease from 2017, expiring 2032.

The self contained basement is currently occupied by a restaurant business. T/a – Bunk
– www.bunkwings.com. They have assigned the existing lease which expires in December 2040 with current passing rent of £25,172 p.a. The tenant currently has 8 other venues in the UK.

The property is held freehold under title no. LA28505.

Location

Manchester Central, Manchester City Centre