* DEVELOPMENT SITE WITH PP FOR 140 APARTMENTS (9 STORIES) AND B1 OFFICE BUILDING (6 STORIES)*
The property comprises a roughly rectangular site of approximately 1 acre formerly utilised for commercial use with planning permission for – “Demolition of existing building, erection of a nine-storey residential building containing 140 units and a six-storey (B1) office building with parking provision, amenity space, landscaping and associated works.”
Planning application reference 18/72443/FUL. It should be noted that one of the conditions of the planning is that the residential (C3) building shall not be occupied until the office (B1) building has been fully constructed and completed to allow occupancy. The 140 apartment units comprise:
12 X studios
47 X 1 beds
73 X 2 beds
2 X 2 bed duplex
6 X 3 beds
The 6 storey offices premises has a net area of 1,133.7sqm (12,203sqft).
There is a section 106 agreement with costs summarised as follows:
An initial contribution of £9,000 for a review of parking arrangements in and around the site.
A maximum of £216,000 public realm contribution is subject to a viability appraisal at the time of development commencement. Providing the appraisal shows less than 18% profit on GDV, no public realm contribution will be required.
Manchester West, Salford