Property

Manchester’s landmark Corn Exchange building is up for sale at £42m

Daisy Jackson Daisy Jackson - 31st May 2022

One of Manchester’s most recognisable landmarks has gone on the market, priced at a cool £42.85 million.

The Corn Exchange in the city centre is home to some of the biggest restaurant chains in the world, as well as some local gems.

The Grade II-listed building used to be a shopping centre known as The Triangle, before it was redeveloped and relaunched in its current guise in 2015.

These days, the Corn Exchange is home to brands including Salvi’s, Tampopo, Mowgli, Pizza Express, Zizzi and Pho.

The Corn Exchange is up for sale. Credit: Flickr

It also contains a Roomzzz Aparthotel, an escape room, and a branch of the Sixes Cricket Club.

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The 134,199 sq ft property has been listed on Realla this week for £42,850,000.

The listing states that the 18 leases bring in a net operating income of £2,931,470 a year.

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Aviva fund Norwich Property Trust bought the property from Blackstone Group and Milligan Retail Resorts in 2005 for £67m, and it’s since undergone a restoration reported to be worth £30m.

Read more: Inside the luxury Beetham Tower flat with rental price of £22k a MONTH

The full sale listing says: “The Corn Exchange is an extremely attractive former market hall which was extensively redeveloped between 2015-2017.

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“It comprises a restaurant and leisure scheme on the ground, lower ground and first floors with extensive external seating areas both around the perimeter of the scheme and within the atrium space at its centre.

“The upper floors provide an aparthotel which perfectly complements the restaurant & leisure uses at ground floor.”

Featured image: Corn Exchange

Property

Plans officially submitted for ‘vibrant’ new food hall in Wythenshawe

Emily Sergeant Emily Sergeant

Are you feeling hungry? Good, because a new food hall is on the horizon.

That’s right – plans to transform Wythenshawe Civic have taken another exciting leap forward this week, as Manchester City Council and placemaker Muse have submitted a planning application to bring a brand-new food hall to the town.

Set to be housed within the three units next to the former Peacocks store – which has now been demolished – the new food hall will become a ‘vibrant’ destination for independent and local food vendors to attract people with ‘delicious and diverse’ offerings.

Developers also hope the new food hall will keep the suburban Manchester town’s centre ‘bustling’ throughout the day and into the evening.

The announcement that the new food hall is in the works comes as part of the already-announced plans for Wythenshawe Civic – with work to soon begin on everything from the public realm, and outside space, to the vacant office space above the existing Iceland-store, which will also be transformed into modern new workspace to support local start-ups and bring new jobs into the town centre.

Developers also recently submitted three separate applications to create 422 new affordable homes for social rent across three locations in the town centre.

“Listening to local people over the last year and more, we know that Wythenshawe residents want more from their town centre – more things to do, opportunities to spend time in Civic and night time attractions that give the area a lift and attract visitors,” commented Cllr Bev Craig, who is the Leader of Manchester City Council.

“This is the drive behind the Culture Hub. A place for local people with an interest in the arts to take part in creative activities, see a show or enjoy the cinema space – right in the heart of their community.

“This is another exciting chapter in the transformation of Wythenshawe Town Centre.”

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Joel Chandler, who is the Senior Development Manager at Muse, added that developers are ‘moving at pace’ with plans to give the town centre the ‘regeneration it deserves’.

“The food hall will be a hive for a range of local outlets and will provide new spaces for the community to spend time in and give the town’s nighttime economy a major boost.”

Featured Image – Supplied

Property

Inside the north’s rare 1950s mid-century ‘masterpiece’ on the market for £1.1m

Emily Sergeant Emily Sergeant

A rare Grade II-listed mid-century modern home designed by a renowned architect has gone on the market in Lancashire.

Now, we know this one is a little off patch for us… but honestly, it’s a truly unique masterpiece worth hyping up.

Before we all get carried away, it goes without saying that the vast majority of us won’t have the money to buy this house just chilling in bank accounts right now, but if like us, you’ve got no shame in admitting you love looking at houses you can’t afford in places you’ll probably never live, then allow us to introduce you to this absolute beauty.

This is Domus – thought to be one of the first ‘modern’ houses in the county, commissioned for Eric Cookson and his wife all the way back in 1958. 

Mid-century modern homes are commonplace in the US, but rare in the UK / Credit: The Modern House

Mid-century modern (MCM) homes are commonplace in the US and in other countries across Europe, but here in the UK, it’s a different story.

MCMs homes are said to be rare in the UK due to a preference for traditional, durable materials like brick, as well as higher land costs demanding smaller footprints, and because we have a climate that makes large, single-pane glass windows more impractical.

Hence why this home in the sought-after Burnley town of Reedley is so special.

Designed by the renowned architect Alan Chambers, and concealed from view at the foot of a private driveway, fronted by landscaped gardens and a screen of mature specimen trees, estate agents say this exceptional Grade II-listed modern masterpiece is set intended for ‘creating, communing, and entertaining’.

This Grade II-listed home was designed by renowned architect Alan Chambers back in 1958 / Credit: The Modern House

One of the property’s other stand-out features has to be its abundance of natural light in the main living spaces, where expansive full-height windows frame views of the garden.

Retaining the building’s legacy has also been integral to its current owners, with much of the property’s internal detailing having been beautifully preserved throughout – most notably in terrazzo tiles, marble floors, and aluminium door furniture, light switches and sanitaryware.

Oh, and of course, we have to mention the artfully crafted open-tread staircase as one of the many original features that just steals the show.

The outside of Domus is just as impressive as the inside too / Credit: The Modern House

The outside is just as impressive as the inside too, as not only is there a collection of characteristic balconies surrounding the property, but you’ll also find that the gardens and woodland extend to around 5.7 acres – which form an integral part of what makes this home so remarkable and unlike anything else in the North West

Like what you see then?

This property is currently on the market with mid-century modern expert estate agents, The Modern House, for a (pretty reasonable, to be fair) £1.1 million, and if you fancy taking a closer look, then you can contact the agents to arrange a viewing.

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Or you could just take the cheaper route instead and have a nosy at the Rightmove link here.

Featured Image – The Modern House


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