Planning permission granted for the demolition of existing buildings and development of a mixed use scheme consisting of commercial use at ground floor level (Class E) and 6 storeys of student accommodation.
The site is located just 0.7 miles from the University of Salford & Salford Crescent Rail Station from which the University of Manchester is accessible within 10 minutes.
The accommodation will comprise 412 student beds across 148 apartments, GIA of 154,388 sq ft.
Commercial premises will measure approximately 4,500 sq ft.
The site is located at the edge of the £2.5 billion Crescent Salford regeneration project http://crescentsalford.com/.
Estimated Rental Value of the completed scheme in the region of £4,400,000 per annum.
CIL & S106 Liability – maximum contribution of £899,000 subject to viability appraisal. No affordable housing
requirements.
Potential for alternative uses such as Co-Living, BTR, subject to the necessary consents.
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