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

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.

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

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.

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.

“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