Bids of £3.75m sought for vacant Manchester office 

Boultbee Brooks is looking to sell the 22,000 sq ft 79 Mosley Street, which has planning consent for a comprehensive refurbishment. 

In 2018, Manchester City Council granted Boultbee Brooks permission to revamp the building, adding an additional 4,600 sq ft of office space. 

Agencies OBI and Aurum have been instructed to market the vacant 79 Mosley Street and are seeking bids in excess of £3.75m, reflecting a capital value of £170/ sq ft. 

Several deals for vacant Manchester office buildings have completed in the last 12 months. 

Clearbell bought Freetrade Exchange for £9.8m last year, Bruntwood snapped up Pall Mall Court on King Street for £13m and Urbana Partners acquired 17 Quay Street, otherwise known as Direct Line House, from Abrdn for £12.3m. 

These deals reflected capital values of £272, £152 and £213/ sq ft respectively, according to figures published in a sales brochure for the Mosley Street opportunity.

Boultbee Brooks bought 79 Mosley Street as part of a £16m portfolio acquisition from M20 Property Group in 2015. 

The other buildings in that deal were 67-75 Mosley Street, which has since been redeveloped into Hyphen, and Castlefield Chapel. OBI and Aurum advised on that deal, too.