MCR Property Group unveils £5m Ancoats residential scheme
MCR Property Group has acquired a former Victorian mill in Ancoats, Manchester, with plans to convert the commercial building into 13 apartments for sale.
The £5m residential scheme, located on Mason Street, is MCR Property Group’s first development in Manchester’s highly sought-after Ancoats area.
32 Mason Street offers 14,700 sq ft of internal space and will contain 13 bespoke apartments across five floors, including basement level duplex apartments.
It is one of the first of MCR Property Group’s various Manchester developments completed and in progress to be sold via its dedicated sales arm, Regency Residential.
A Help To Buy application for the scheme is being processed.
MCR Property Group will complete a full-scale, sympathetic conversion of the 19th century building, with key period features retained as part of the renovation.
The one, two-bed and duplex apartments will be fitted out with a high specification kitchen, bathroom and internal features, including grey ceramic floor tiling and handle-less kitchen units.
Chris Taylor, fund manager of MCR Property Group, said: “We’re very excited to begin this conversion project and transform this commercial site into characterful apartments in the heart of Ancoats – Manchester’s creative hub.
“This stunning, industrial development is just a short walk from Manchester’s high street and has fantastic travel links.
“These apartments will cater to the growing number of young professionals looking to work and live in the city centre.”
He added: “The development is perfect for homeowners looking to own a piece of industrial history in Manchester, with careful consideration made to honour its distinctive red brick mill features, including the original entrance and foyer area.”
Situated on the doorstep of the Northern Quarter, 32 Mason Street is in close proximity to a wide range of local amenities, entertainment venues, city landmarks and key commuter links, including the Metrolink and Victoria rail station.
In 2017, MCR Property Group completed the restoration of a Grade II-listed mill on Harter Street in Manchester’s Chinatown, transforming the seven-storey unit into 22 apartments that sold off-plan.
As part of a joint venture with Blue Dog Property Group, the company also recently submitted plans for the regeneration of the city’s historic Hotspur Press.
The proposals will see the retention of part of the Victorian-era warehouse, as well as the creation of a 27-storey mixed-use tower and a new public realm.