Manchester City Centre 30,000 sq ft

Private Residential Sector – Strategic Land Acquisition and Planning Application

The 0.1 acre land parcel situated in Manchester City Centre. The site was allocated as offices. The advisor identified a strategic land holding for re positioning. The advisor completed a range of appraisals along with preparing a comprehensive master plan and detailed planning application which was approved for 25 apartments by the local planning authority. The planning application consisted of 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 was sold after an increase in Residual Land Value.