Sold for a Record Breaking £1,650,000

Auction House North West have broken another one of their records selling 76 Quay Street, a rare City Centre Freehold Opportunity in Spinningfields for £1,650,000 at their 4th July Auction!

This substantial vacant freehold office building provides accommodation over four floors and is prominently positioned fronting Quay Street at the junction of Young Street and Gartside Street, on the fringes of the Spinningfields district within Manchester City Centre. Spinningfields is now the dynamic financial quarter of the city centre, becoming Manchester’s leading business destination and a place to live and work as well as a place to eat, drink, shop and be entertained.

Stuart Cooper, Director of Auction House North West said:

“We are delighted to have secured this sale which both substantiates our offering as the leading commercial property auctioneers in the region and underlines the continued demand for prime Manchester City Centre property.

The sale equates to over £300 per sqft. and is testament to our knowledge of the commercial property market and tailored marketing campaign for this unique property, ensuring that all Agents, developers, investors and owner occupiers were comprehensively targeted and fully aware of this opportunity. The sale price once again proves that auctions can achieve quick results at full market value, given the right conditions.”

The property is strategically located in Spinningfields within close proximity to several new city centre developments including St Johns/Granada Studios, Nickel and Dime, New Bailey together with the adjacent prime central core area of Spinningfields, boasting occupiers such as RBS, BDO plus many retail and restaurant occupiers including the recently opened Ivy Restaurant.

Internally the building benefits from raised floors, double glazing, central heating and air conditioning whilst providing mainly open plan floor plate, serviced by 2 no. stairwells, with the following net internal floor areas:

Total Net Internal Floor Area (inc lower ground floor) 516 sq m (5,556 sq ft).