Iconic Toast Rack building put up for sale ahead of major transformation

manchestereveningnews.co.uk:

The iconic Toast Rack building in Fallowfield has been put up for sale ahead of its major transformation. Overseas investor Estrela has owned the property, which is formally known as the Hollings Building, since buying it from Manchester Metropolitan University for £5m in 2014.

Now the 3.71-acre site has been put back on the market complete with detailed planning consent for 211 homes. Join our WhatsApp Top Stories and Breaking News group by clicking this link Real estate services firm Cushman & Wakefield is marketing the site which comprises the Toast Rack, Horseshoe, Gateway site and Stitching Hall.

The approved planning consent would see a mix of one to four bed apartments created as well as 20,910 sq ft of gym and leisure space, 7,582 sq ft of commercial space and 154 car parking spaces split across the site.

Bruce Poizer, head of capital markets at Cushman & Wakefield in Manchester, said: "The Toast Rack is one of the most striking and recognisable buildings in Manchester and we are delighted bring it to market. "This is an incredibly rare opportunity to invest in a vibrant area that is ripe for development.