Manchester Conservation Area 30,000 sq ft

Private Residential Sector – Strategic Land Acquisition and Planning Application

The 0.1 acre Listed Building situated in a Manchester conservation area. The site was allocated as an industrial Building with offices. The advisor identified a strategic land holding for re positioning. The advisor completed a range of feasibility, development and Investment appraisals along with preparing a comprehensive master plan and detailed planning application which was approved for 25 Apartments, Live Work Units and Car Parking by the local planning authority. The planning application consisted of over 30,000 Sq ft, the development had an estimated GDV of £5M.

The site achieved a planning approval for 30,000 Sq ft of Residential Apartments, the site then sold, after increasing the Residual Land Value