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47/47A Spear Street, Manchester, Greater Manchester

£695,000

For Sale

0.04 Acres
Development Opportunity

Property details

The property comprises an in-fill plot of approx. 0.04 acres (142 SQM/ 1,528 SQ FT).

PLANNING

The property has planning as follows –
118233/FO/2017 Erection of five storey apartment building above basement level comprising 4 x 2 bed apartments and 1 x two storey two bed live/work space (ground floor and basement).
Link to planning documents as follows: https://pa.manchester.gov.uk/online-applications/applicationDetails.do?keyVal=OZJYAGBCHVK00&activeTab=summary

THE OPPORTUNITY

Spear Street is fast improving with several developments currently having been completed or underway in the immediate location some
of which set a precedent for increasing height to 7-8 storeys (subject to planning and subject to obtaining any necessary consents).
Developments in the location include:
53 Spear St/60 Oldham St
(Currently under construction)
76-82 Oldham St/Spear St
(Currently under construction)
The Hive – An 80,000sqft grade office development (Completed, situated diagonally opposite the subject site) Subject to planning and any necessary consents the site may suit alternative uses and also offer opportunities as follows:
Increase height
Serviced apartments
Boutique Hotel
Flexi serviced offices
Live work space
Owner occupier office space etc.
The development will have both co
urtyard access and light to front and side of building which presents a rare opportunity in the city centre with many developments limited to light from the front only.

This development will be flooded with light and is also situated in a quiet position on Spear St protected from traffic of main roads. Please note there are similar sized apartments in the scheme at 60 Oldham St within close proximity currently being marketed around £400,000-£450,000. Further details are available online.


Location

Manchester Central, Manchester City Centre


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