Property round-up: CBRE; HB Repair Centre; MRD Technologies; Priestley Construction
CBRE’s office agency team in Manchester, together with joint agent OBI, have been instructed to market office space at Canada House, an iconic and historic building on Chepstow Street in Manchester.
The building is set to be sustainability refurbished by Grosvenor to meet the needs of modern business, offering flexible, contemporary plug-and-play hybrid workspace within the heart of Manchester.
Formerly a cotton warehouse, Canada House is one of Manchester’s most iconic Grade II-listed buildings with a restoration programme that has maintained many of its original architectural and character features to deliver high quality workspace from 296 sq ft to 3,037 sq ft of accommodation.
The refurbished building offers potential occupiers many features with community, health and wellbeing at the heart of the design-led workspace. Facilities include cycle storage, on site café, communal lounges, informal collaborative spaces and town hall space. Office staff also have access to the Host premier experience app/platform which is integral to the management of the building.
Jonathan Cook, director at CBRE Manchester, said: “The building has been refurbished with sustainability in mind and is delivered to run with the minimum possible environmental impact, whilst emphasis has been placed on fostering a positive social impact. It’s also been designed with community, health and wellbeing high on the agenda for its occupiers.”
CBRE’s operational real estate team in Manchester has also been appointed by Waterfront Southport Properties to advise on strategic options of the Bliss Hotel and adjoining major development opportunity on the Waterfront in Southport.
The 4-star luxury boutique Bliss Hotel and its adjacent circa 50,000 sq ft existing leisure development scheme is located in a prime position extending onto Southport’s Waterfront. CBRE has been instructed to explore options for the hotel and development scheme which is situated next door to the proposed state-of-the-art Marine Lake Events Centre which forms the backbone of Sefton Council’s proposed £75m regeneration plan in conjunction with the Southport Town Deal.
The ambitious plans are set to transform the resort to include all-weather visitor attractions, new business incubators and a spectacular light and laser show in the Marine Lake, with wider benefits to include some 515,000 expected annual visits and 60,000 additional hotel overnight stays.
The Bliss Hotel, adjacent 50,000 sq ft building and land covers a 3.4 acre site in Southport town centre, fronting both the Promenade and the Marine Lake. The hotel, which has strong trading performance and further asset management potential, has recently undergone a significant refurbishment programme to upgrade the food and beverage, public areas, meetings and events spaces and two floors of hotel bedrooms.
Directly to the south of the hotel is Marine Parade, Southport Pier and a range of leisure attractions. The wider Waterfront is anchored by numerous restaurants, bars, amusements and leisure facilities.
Shaun Skidmore, senior director at CBRE Manchester, said: “The scheme is located in an excellent position next door to the newly proposed events centre and waterfront development – a significant, multimillion-pound regeneration scheme which will bring a host of economic benefits to the area. The recent upscaling to a luxury boutique has repositioned the Bliss Hotel significantly with respect to customer profile and rate, while the adjoining scheme offers an exciting opportunity for redevelopment or expansion.”
A large industrial property investment in Swinton in North West Manchester is to be auctioned on July 12.
The HB Repair Centre, at 349 Moorside Road, which was formerly operated by Nationwide Crash Repairs, will be offered at the Acuitus commercial property auction with a guide price of £1.75m-£1.85m.
The investment currently produces annual rent of £125,000 on a lease which runs to 2030. The lease is subject to five-yearly rent reviews with minimum rental increases of two per cent and a maximum increases of four per cent.
Acuitus director, John Mehtab, said: “Industrial property investments continue to be highly popular with investors and this property represents many of the qualities they are looking for.
“It’s well located in a major regional city and is close to the motorway network and is well let with guaranteed income uplifts and has relatively modest site coverage of 39%”.
The Acuitus auction will be broadcast via livestream on the Acuitus website with bidding online, by telephone and by proxy.
MRD Technologies has celebrated a string of new client wins by opening new office space on the iconic Rodney Street, in Liverpool.
Mark Ralph, Richard Delooze and Derek Shannon founded MRD Technologies after taking the leap from their corporate roles to create a business that they say gave SMEs and charities in the region a better quality of service, offering a holistic approach to telephony and IT.
The trio have won nine new clients in the Liverpool City Region and made the leap to open their new premises as an extension to their existing business which has its headquarters in Northwich, Cheshire.
Director, Derek Shannon, said: “I was born in this amazing city, and it’s been a dream to expand the business here after just three years working from our office in Cheshire.”
Co-director, Mark Ralph, said: “Over the past year we have seen our satisfaction scores soar and we have welcomed six new team members to help with the demand for the services we offer – we are delighted with how business has progressed.”
“This is the perfect next step on our journey,” added Richard Delooze.
Priestley Construction has been appointed by IP Properties to deliver four luxury homes on the former site of a horse riding school and stables in the sought after village of Plumley near Knutsford in Cheshire.
The Leeds-based contractor, part of the Priestley Group, specialises in the delivery of high quality finishes in all of its residential homes. This project comprises a total site size of more than 4,000 sq m. Three of the plots will be the creation of homes with 4,122 sq ft each, over two floors, with ample space for landscaped gardens, with far reaching country views. The final plot has a total size of 3,767 sq ft.
Each home will be a custom build and all properties will feature vast internal spaces.
This contract win brings Priestley Constructions’ total secured order book in the North West to £10.5m.
Darryl Brown, head of commercial at Priestley Construction, said: “The detached houses will be of the highest quality and will add to our growing portfolio in the residential sector.”
Danny Inman, of IP Properties, said: “We are pleased to award Priestley Construction this contract for this bespoke development in Knutsford. The site is in excess of over 4,000 square metres, and this will be a perfect balance for the four homes due to be created in Plumley.”
The construction programme commences in June 2022, with completion expected in Q3 2023.