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5th Avenue building changes hands

25th April 2013

THE Manchester city centre building that houses indie nightclub 5th Avenue has been sold for around £2.5m.5th Avenue and SBS Architects are the only tenants in the 42,500 sq ft seven-storey block on Princess Street, close to Whitworth Street. They generate an annual income of £100,000.Agent OBI said it had been sold by an investor based in Gibraltar to an unnamed buyer off a guide price of £2.5m.OBI investment director Gary Scorah said: "There was strong interest in the property which offers the opportunity of a f......for the full story register now for free or login below...

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