The Ritz, Manchester

The Ritz occupies a landmark position in the heart of Manchester City Centre on the vibrant Whitworth Street – forming a key part of the city’s buoyant leisure and entertainment circuit. Whitworth Street seamlessly links Oxford Road, Deansgate and Piccadilly. The Whitworth Street Corridor is a key district of the city centre with an array of leisure and entertainment amenities.

The Ritz has a capacity of 1,500 people and the building has been an integral part of the city’s music scene for decades. The property is of brick construction with a part pitched slate roof and part flat roof behind an ornate stone façade.

The property comprises a large ballroom at ground floor, a 1st floor balcony/viewing area overlooking the ballroom, with staff offices and ancillary accommodation located on the 2nd floor. In addition to The Ritz, the investment includes a long leasehold interest in Apartment 208 in The Lock Building on Whitworth Street. This comprises a high-specification 2 bed/2 bathroom apartment.

The entire property is let to Academy Music Group Limited (AMG) on a Full Repairing and Insuring Lease for a term of 25 years with the break option at the end of year 15.