Manchester office refurbishment underway

Posted on by John Cronin

Refurbishment works are underway at a listed office building in Manchester city centre.

waterhouse manchesterThe imposing building at 41 Spring Gardens, originally constructed in 1890, is to undergo a complete refurbishment programme. To honour the original architect, the building is to be renamed as Waterhouse. Alfred Waterhouse was a noted architect who designed several Manchester landmark buildings including the Grade I Listed Manchester Town Hall.

The works are being funded by the property freeholders, Birkenhead-based Associated Property Owners. It is suggested that the scheme is the first entirely office-led redevelopment in central Manchester for nearly 3 years. The work is being undertaken by office fit-out specialists Claremont Group.

Construction work on the 17,000 sq ft building is scheduled to be completed by July and the speculative scheme will be marketed from September. The offices will be available to let on either a whole building basis or as flexible office suites starting at 650 sq ft. Whole floors at approximately 3,700 sq ft are also available. The quoted rental price is from £23.50 / sq ft.

The building is located at the top of King Street in the heart of the commercial district of Manchester city centre. This popular area of the Manchester offices market has seen several multi-million pounds deals over the last 12-18 months. In February, the nearby Ship Canal House building was sold in a £23m deal. Headline rents at the offices are around £28 / sq ft.

Peter Gallagher, partner at marketing agent p3 property consultants comments: “City centre offices in Manchester combining an elegantly contemporary feel with a real touch of classic character, really don’t get much better than this.”

The other joint marketing agent for the Waterhouse scheme is BNP Paribas.

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