The Grade II-listed Parkers Hotel building in Manchester city centre has been put on the market by a private client with a price tag in excess of £14m.
The historic property, which was built in the early 1900s, spans 75,046 sq ft and following conversation to residential in the 1990s it provides 106 studio to two-bedroom apartments. On the lower floors of the property there is a health clinic, gym and dance studio.
The building is adjacent to NOMA and the city’s main shopping district and Manchester Victoria train station are within a five-minute walk.
Tim Meakes, director in the National Capital Markets team at Colliers, which has been appointed to market the building, said: “Parkers Hotel offers prospective owners a rare opportunity to receive good income whilst being able to plan long-term asset management strategies for both the retail and leisure space and the potential to re-develop and reconfigure the existing residential units. With its enviable location and potential, we expect there to be significant interest from investors, many of whom are currently looking for value add opportunities.”
