Commercial Land Development in Cheetham Hill M8 For Sale

£3,000,000

Property Address: 111 Cheetham Hill Road & 21 Derby Street , , M8 8LW View on map

Property Details

• Type: Commercial Land Development
• Bedrooms: 0
• Bathrooms: 0
• Listing Type: For Sale

Description

0.26 acres or thereabouts (0.105 hectares)

Excellent well-established location on fringe of Manchester city centre.
Very rare opportunity in rapidly changing area.
Well, established commercially and emerging residential location.


Description
The site is a flat and rectangular shaped parcel of land with a substantial frontage to Cheetham Hill Road (23.57m/77ft) and a substantial return frontage to Derby Street (45.69m/150ft).

The site has the benefit of ‘dropped kerb’ access on Cheetham Hill Road at the front and on Derby Street along the rightside. In addition, access is also afforded from Bent Street to the rear of the site.

Planning
The site has a long-established use for commercial purposes. For many years the site has traded as a motor vehicle ‘drive through/wash and go’ and ‘drop and leave’ car wash and valeting operation.

It is believed the site has the potential for redevelopment of a mixed commercial and residential scheme, subject to planning and formal consent. Our clients have recently formally engaged strategic development advisors and architects to produce indicative schematic proposals for the site. These have been discussed on a pre application basis with Manchester City Council who we understand have been very receptive to these discussions and ideas proffered.

Discussions have taken place regarding a development of a 6-storey mixed commercial and residential block providing 8 ground floor commercial units and 44 residential units of mixed 1,2 and 3 beds to the upper floors and further discussions about an additional 7th floor have been met with encouragement.

Site Area
The site extends to an area of some 0.26 acres or thereabouts (0.105 hectares).

A copy of the Title Plan is included on these particulars.