T&M Investments puts Piccadilly asset up for sale
Offers of £5.25m are being sought for Clayton House, whose lower floors are let to Subway and popular Indian restaurant Bundobust.
T&M Investments, which acquired the building in 2016, has appointed CBRE to find a buyer.
The grade two-listed Clayton House is located close to Manchester Piccadilly station and Piccadilly Gardens and offers just shy of 22,000 sq ft across two retail units and five floors of offices.
Bundobust occupies the 3,600 sq ft basement unit and Subway leases 2,200 sq ft on the ground floor.
There are currently two tenants within the office space; American Clothing, which occupies 5,200 sq ft, and HTA Design, which has 1,843 sq ft.
Rents within the building are currently comparatively low for Manchester, however, the ongoing upgrade of Piccadilly Gardens could drive growth, according to marketing materials.
Around 8,600 sq ft on the first, third, fourth, and fifth floors is vacant.
Beautiful building
By Anonymous
Looks a bit like some of those buildings on the grand place square in Brussels
By Craig
The buildings around there are in a right state
By Anonymous