PropList Blog
This week’s City Focus is Manchester - an economic powerhouse, it is the UK’s fastest growing regional economy with a rich musical heritage and world-famous football teams. Benefiting from lower business overheads and cost of living compared to London, it is an attractive city for investment. Take a look at four properties listed on PropList:
Eton Grange Hotel is a popular hotel with conference and banqueting facilities. It comprises of 64 en-suite bedrooms with a range of function rooms, which can accommodate from eight to 200 people. Currently on a long leasehold, it enjoys multiple income streams from conferences, weddings and rental income from a car parking operator. Due to its facilities and proximity to the city centre and airport, this is an attractive investment with scope to develop the business further.
Formerly a bank, this property extends over basement, ground, first and second floors with a car park to the front of the building. Conveniently located, the building is situated next to the University of Manchester, close to the Whitworth Art Gallery and just seven minutes from Manchester Piccadilly station. This building could suit a variety of businesses such as office space, retail or hospitality subject to planning.
PRICE: £750,000
This 0.45 acre rectangular plot is located in a residential area, opposite a local retail parade, and could be redeveloped as a residential project. Previously used as a health centre, the property consists of a series of consulting and treatment rooms with kitchen and WC facilities. Pre-application for a residential development for 10 houses or 24 flats was recently submitted and has received an informal response confirming a residential scheme on the site would be agreeable on principle.
Located in the New Moston area of Manchester, this property is just 10 minutes from Moston train station and under 30 minutes from the city centre. The building consists of a significantly extended detached home, large garden and car parking to the front of the property. Previously used as a care home, this plot has great potential as a redevelopment project and could be converted into offices, residential accommodation or studios.
PRICE: £750,000
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