OUTSTANDING DEVELOPMENT OPPORTUNITY OFF OLDFIELD ROAD SALFORD
Price:
Freehold - £1,650,000
Location:
Greater Manchester , salford
Business Type:
Commercial Property
URBAN LOCKS BUSINESS SALES are delighted to present this fantastic opportunity to acquire the freehold rights to this development of outstanding future possibilities. Occupying a prominent position close to Salford Quays, The Lowry Centre and the prestigious 'MediaCity uk', the development opportunity has planning permission for a number of stylish, self contained apartments
The property is located within the Central Urban Regeneration scheme in salford, approximately 1 mile from Manchester City Centre. The focus of the Regeneration is to create an attractive and prosperous place to live and work.
The Regeneration scheme was formally announced by the deputy prime minister on the 1st february 2005 and has been established to stimulate new investment and strategicaly co-ordinate regeneration and re-development in the seven salford wards of Kersal, Broughton, Irwell Riverside, Ordsall Langworthy, Claremont, Seedley and Weaste.
With £4bn private sector investment, 30,000 new jobs and 10 million sq ft of commercial floor space, this is one of the most significant regeneration schemes in the north of England.
The premises are a former cotton mill and benefits from many original features. Currently it is arranged over 3 floors with a carpark for approx 30 cars and an external cobbled courtyard.
Planning permission was originally granted in 2003 to allow conversion of the exsisting 3 floors of the mill with the option to add an additional 2 floors (totalling 5 floors).
Outline planning was also obtained to build over the carpark area which would allow for the carpark to remain on the ground floorwith apartments located above.
Plans show conversion of each floor allowing 5 apartments per floor of the mill, with the option to build a further 2 floors above, giving potential for a total of 25 apartments.
Additionally, there is outline planning for aprox 16-20 new builds above the present carpark.
* Viewing strictly by appointment with Urban Locks Business Sales *
North Yorkshire
£ 750,000
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