An office building on Bridge Street in Manchester city centre has changed hands for £1m in an off-market transaction.
Located just off Deansgate, 62 Bridge Street comprises 4,784 sq ft office space and there is an additional plot of land to the rear.
The building, which was bought by developer and investor Watch This Space from Millbank Edge, is currently 70 percent vacant.
Michelle Rothwell, founder of Watch This Space, said: “We are delighted that we have identified and acquired a scheme which has the potential to become a dynamic working environment, given the right attention.
“This building has been unloved for some time and needs new life injecting into it. We want to turn workspace on its head and create new ways of working.”
Watch This Space launched in March and has since completed a string of deals, including the acquisition of the former Duke William hotel in Staveley town centre, Cumbria.
Matthews & Goodman advised the vendor while Watch This Space represented itself