Northern Quarter student block changes hands
Clydesdale House, a five-storey student accommodation building in central Manchester, has been sold by agent GVA for an undisclosed sum.
Boasting a prime location in the heart of Manchester on Turner Street, the 41,047 sq ft building offers a significant investment opportunity, with a monthly rent of £18,860.
The building currently comprises 62 student bedrooms across four floors, each with an en-suite bathroom, as well as communal kitchen and lounge/dining areas.
The ground floor also offers office and retail space, while shared laundry facilities are located on the fourth floor. Meeting rooms and washrooms are available at basement level.
Located just 15 minutes by bus from the University of Manchester and Manchester Metropolitan University, Clydesdale House offers a convenient option for Manchester’s student population, which is estimated to be at more than 85,000.
Sholom Cohen, at GVA, said: “Over the past decade, commercial property prices in the Northern Quarter have risen significantly, alongside the rocketing number of student accommodation options across Manchester.
“The Northern Quarter’s vibrant dining and nightlife scene, as well as its retail offering, make it an extremely attractive place to live and work, and the level of interest in the building reflected that.”
GVA has offices in Manchester, Liverpool, Leeds, London, Bristol, Cardiff, Edinburgh, Glasgow and Newcastle.