Manchester City Centre 90,000 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 Retail, Storage and Parking. The advisor identified a strategic land holding for re positioning. The advisor completed a range of development and Investment appraisals along with preparing a comprehensive master plan and detailed planning application which was approved for 77 Apartments, Retail and associated car parking by the local planning authority. The site was sold to a house-builder. The planning application consisted of 77 Apartments over 90,000 Sq ft the development had an estimated GDV of £18M.

The site achieved a planning approval for 90,000 Sq ft of residential apartments the site was then sold at an increase in Residual Land Value.