Residential Development Opportunity with Planning for 183 Private Units.
LOCATION
• The site is located on Springfield Lane just off Trinity Way and is located in a predominately residential area. The property is within a 10-minute walk of Manchester Victoria Train station.
• The site also fronts the River Irwell providing direct access to walking and cycling routes around Salford and Manchester. The site is well connected, situated within a 10-minute walk of both Salford Central and Manchester Victoria train stations. Manchester Victoria is also a key Metrolink station, providing access to wider areas of the City Centre and Greater Manchester.
DESCRIPTION
• The site extends to approximately 1.5 acres (0.627 hectares).
• The site is currently occupied by approximately 19,373 sqft of commercial floorspace (B2 & B8 use) across 8 units together with an area of hard standing used for car parking and outdoor storage by a ground works company that has since left the site.
• The commercial units are currently vacant and are due to be demolished to provide a cleared site.
PLANNING
• Full planning was submitted on 18th October 2022 for the redevelopment of the site for a mixed-use development comprising 183 residential units (Use Class C3) within three linked blocks (3-18 storeys) and supporting commercial floorspace (Use Class E), with the associated demolition of all the existing buildings; access; parking; and landscaping. [Planning Ref. 22/80643/FULEIA]
• The consented waterfront scheme will comprise 183 apartments (81x 1 Bedroom, 91 x 2 Bedroom, 6 x 2 Bed Town Houses, 5 x 3 Bedroom) arranged across two blocks. Block A will be a part 4 storey and part 18 storey tower, Block B will be a part 4 storey and part 5 storey block, it will run parallel to Block A. The proposed class E commercial unit would be situated in Block B and extends to approximately 914 sqft.
• The proposed scheme would also provide 1,550 sqft of residents’ communal facilities on the upper ground floor.
• The consented scheme will extend to a total area of approximately 115,949 sqft NIA (166,478 sqft GIA).
• The S106 contribution would amount to £1,159,010 to contribute to a fully private scheme.
• All apartments have juliette balconies to living rooms, with some apartments benefiting from balconies and roof terraces.
TERMS
• The property is elect for VAT.
• The property is available freehold.
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