6 St. Anns Square, Manchester, Lancashire, M2 7HN

Description

Freehold shop and residential investment comprising a shop arranged over basement and ground floor with 9 flats above. Located within the pedestrianised retail centre of Manchester. VAT is applicable. Six weeks completion available.

Accommodation

Total accommodation approximately 900 sq m (9,684 sq ft), comprising a shop over basement and ground floor with 9 flats above

Location

The property is situated on the west of St. Anns Square, close to its junction with Deansgate, within the pedestrianised retail centre of Manchester. Nearby occupiers include HSBC, Lululemon, Goldsmiths, Ramsdens, Cafe Nero, Anthropologie, Phase Eight, McDonald's and Holland & Barrett. Manchester Victoria and Manchester Salford Central Rail Stations are within approximately 0.5 mile.

Tenure / Property Information

Investment Analysis

Freehold mixed-use property comprising a ground-floor and basement retail unit let to J. Barbour & Sons, Limited (t/a Barbour) on a lease expiring in 2035, plus 9 flats above. The property is in Manchester city-centre's pedestrianised retail core, with approximately 9,684 sq ft of accommodation. The £3.0m–£3.2m guide range implies a guide-level price of approximately £310–£330 per sq ft across the total stated accommodation, but no completed comparable sales, passing rent, residential rent evidence or formal valuation are supplied. VAT applies and additional seller or third-party charges may arise, so market value and investment returns cannot be reliably established from the evidence.

Investment Snapshot

Strategy Recommendation

Treat as a potential long-term mixed-use investment only after reviewing the commercial lease, confirming the nine flats' legal and occupancy status, establishing total passing rent and obtaining independent valuation, condition and VAT advice.

Works Required

No refurbishment or repair scope is evidenced. Obtain full structural, building-services, fire-safety, lease, EPC and residential-condition information before budgeting works or setting a bid.

Rental & Market Context

Potential BRRR Position

BRRR cannot be underwritten from the supplied evidence. There is no supported GDV, refurbishment budget, total rent, finance cost, valuation evidence or refinance basis. VAT and potentially additional charges would also need to be incorporated into the acquisition model.

Buy-to-Let Analysis

A BTL or mixed-use income analysis cannot be completed because no passing rent, auctioneer rent estimate or sufficiently specific rental comparables are supplied. The shop lease expiry is stated as 2035, but its rent, review provisions, repairing obligations and other terms are not provided. Residential occupancy and income are also unstated.

Flip Analysis

A flip appraisal cannot be completed because no supported GDV, refurbishment allowance, selling costs or comparable sales are supplied. The commercial lease and the unspecified status of the 9 flats add execution and valuation uncertainty.

Investor Risks & Due Diligence

• VAT is applicable, but the amount and recoverability are not supplied.

• Additional seller or third-party charges may apply and are not quantified.

• The shop and basement lease expires in 2035; rent, reviews, covenants, repairing obligations and other lease terms are not provided.

• No passing rent or auctioneer rent estimate is supplied.

• Residential occupancy, rents, lease arrangements and legal status of the 9 flats are not stated.

• No condition, EPC, building-services or fire-safety information is supplied.

• Six weeks completion is stated, creating a short completion timetable for due diligence and funding.

Recommendation

Treat as a potential long-term mixed-use investment only after reviewing the commercial lease, confirming the nine flats' legal and occupancy status, establishing total passing rent and obtaining independent valuation, condition and VAT advice.

Strategy Rating

Analysis Confidence

The evidence confirms the broad property composition, tenure, location, approximate size and commercial lease expiry, but omits rents, lease economics, residential occupancy, condition, comparable sales, valuation, fees and refurbishment requirements.