Manchester City Centre 105,000 sq ft

Private Residential Sector – Strategic Land Acquisition and Planning Application

The 0.5 acre land parcel situated in the City Centre of Manchester. The site was allocated as parking, office and Industrial Storage. 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 138 Apartments and associated car parking by the local planning authority. The site was sold to a national house builder. The planning application consisted of 138 Apartments over 105,000 Sq ft the development had an estimated GDV of £20M.

The site achieved a planning approval for 105,000 Sq ft of Residential Apartments, the site was then sold increasing the Residual Land Value.