DTZ is marketing for sale Manchester Metropolitan University's distinctive southern campus, which consists of 154,000 sq ft in four buildings on 3.7-acres.
The grade 2-listed Hollings building on Wilmslow Road was designed by architect Leonard Cecil Howitt and opened in 1960 for courses in food, clothing, hospitality and tourism.
MMU is consolidating its operations from seven campuses to two, located around Oxford Road and the new Birley Fields site in Hulme.
DTZ is handling the disposal of all the surplus sites which include Aytoun Street in Manchester centre, Didsbury, Elizabeth Gaskell in Victoria Park, and much of the university's site at Alsager, Cheshire.
Chris Lloyd, director at DTZ, said: "We anticipate interest from a broad range of developers, investors and occupiers. The site has potential for conversion to residential, education and commercial uses. The Toast Rack is one of Manchester's most recognisable buildings and we believe this will appeal to prospective purchasers looking to create a distinctive scheme with a premium value."