Hathersage Rd 5.2 Acres of Commercial Land Offered at $8,636,267 in Manchester M13 0EP
INVESTMENT HIGHLIGHTS
- Manchester is acknowledged to be the UK’s second largest populated city and to have the largest city region economy outside of London
- The property covers a total area of 5.2 acres. The majority of the site has been cleared
- The property is situated approximately 3km south of the city centre and forms part of the Oxford Road corridor
EXECUTIVE SUMMARY
It was acquired by our client in 2014 with the intention of building a new hospital and fitness centre. Despite demolishing many of the buildings comprising the former Elizabeth Gaskell university campus and obtaining full planning permission for their proposed scheme, the development was never realised and the site has remained fallow since 2016.
By taking advantage of multiple road frontages around the site, it should be possible to create a truly mixed use scheme that blends a hard commercial frontage to The University Hospital complex with the charm of a tranquil leafy Conservation Area.
The site provides an opportunity for comprehensive redevelopment.
Manchester is acknowledged to be the UK’s second largest populated city (source – Statista) and the dominant commercial centre for the North of England. It is situated approximately 210 miles north west of London.
The site is located between a series of key transport corridors into the city centre, nestled between Oxford Road and Upper Brook Street. Due to the position of the site, it is within easy reach via these main thoroughfares to the city centre and the motorway network to the south.
The site is bounded by Hathersage Road to the north, the A34 (Upper Brook Street) to the East and Oxford Place to the south. It is located within the northern extremities of the Victoria Park district, approximately 3km south of Manchester city centre.
PROPERTY FACTS
| Price | $8,636,267 |
| Sale Type | Investment |
| Tenure | Freehold |
| No. Lots | 1 |
| Property Type | Land |
| Property Subtype | Commercial |
| Total Lot Size | 5.20 AC |
1 LOT AVAILABLE
Lot
| Price | $8,636,267 |
| Price Per AC | $1,660,820.56 |
| Lot Size | 5.20 AC |
Rare Opportunity to Acquire a Strategic Development Site within the Oxford Road Corridor
DESCRIPTION
The site predominantly comprises an area of cleared land, a single storey security office and two notable former residential buildings which offer attractive architectural style; namely Shepherd’s House and Brook House. The site was previously in use as a university campus operated by Manchester Metropolitan University and formed the main Elizabeth Gaskell Campus. The site has been vacant since the university moved their Faculty of Health, Psychology and Social Care to the Birley Campus in August 2014. A collection of early 1900’s buildings and later 1960’s teaching accommodation blocks were demolished in 2016 preliminary ground works were commenced before the contractor withdrew from the site. The principal vehicular access point to the site is from Hathersage Road – although there is a boarded up point of entry from Upper Brook Street. Both the former residential buildings have access from Oxford Place. In anticipation of development across the wider site, Shepherd’s House was comprehensively refurbished in 2017. In the first instance, it was to function as a development site office but post completion of the development, it was intended to serve as administration offices and a night duty staff residence. Brook House is dilapidated and in need of refurbishment.
CONTACTS
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Rob Millington -
Mathew Green -
Mason Partners LLP
