Prime Manchester development site up for auction with £1.5m guide price
A 2.1-acre development opportunity close to Old Trafford is being sold at a forthcoming auction with a guide price of £1.5m.
The site, at 418 Chester Road, previously had planning permission for a high density residential development of around 200 units.
Charlie Powter, director at Acuitus Auctions, said: “This is an exceptional opportunity for developers to buy a development site in a strong location.”
The site acts as a gateway location to the city centre of Manchester, just two miles to the North East.
The location benefits from excellent transport links being in close proximity to Chester Road (A5014) which provides direct access to the A56 and A57(M) which lead to the M602 (junction three) to the north and M60 (junction seven) to the south.
Access to The Metrolink tram network is provided at Trafford Bar, some 0.5 miles to the south west, providing direct access to the city centre (St. Peter’s Square) within 10 minutes.
Chester Road is on the edge of the emerging 125 acre Civic Quarter Masterplan. It is situated partly within and on the border of the current Empress Conservation Area, within the proposed Additions to the Conservation Area Boundary (2016).
The entire site has most recently been known as two distinct areas, The Printhouse and Empress Mill.
The Printhouse comprises three parcels of land and is some 0.618 hectares (1.529 acres) to include The Printhouse building fronting Chester Road comprising 10 flats which are currently vacant and not capable of occupation.
Adjacent and also fronting Chester Road is the Veno building extending to approximately 11,900 sq ft which is vacant. There is further undeveloped land fronting Wright Street to the rear.
Charlie Powter
Empress Mill comprises a mill building and adjoining land totaling approximately 0.232 hectares (0.574 acres).
The Empress Mill building previously underwent conversion works to create 36 flats or thereabouts and additional ancillary ground floor space.
The property has benefited from historic planning permissions for high density residential schemes.
Printhouse is being sold by Absolute Living Developments (in liquidation) acting by its liquidator, and Empress Mill is being sold by Absolute Living Developments (Orchid Point) Limited (in liquidation) either acting by its liquidator or pursuant to a power of attorney.
The auction will take place on Thursday, February 16, via livestream on the Acuitus website with bidding online, by telephone and by proxy.
