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Third Avenue, Trafford Park, Manchester, M17 1DQ

£1,495,000


Full Details

To be sold by Auction on 14th February 2022. A great opportunity for investors and developers alike to purchase a premium Freehold corner plot property in the former residential village, a prime location in the heart of Trafford Park. The current two storey building measures approx 7,534 sq ft and sits within a 22,650sq ft site along with scaffold yard and car park.

There is Pre App Planning Permission in place ( PREAPP/01202/21 ) for the proposed demolition of the existing building and replace with new development of up to 75 bedroom/4 Storey high hotel/serviced apartment. The pre app and sequential test are in place to take advantage of the many development projects which start taking place from the spring and also in readiness for the Manchester United Stadium developments due to be announced this year.

Trafford Park is currently experiencing a resurgence with the influx of new businesses, the ongoing expansion of the MediaCity UK, the re invention of the Wharfside Rectangle and the many leisure based developments coming through as well as the planned MUFC expansion with numerous surrounding developments throughout Trafford, the locality continues to be high on the list for businesses, investors and developers hungry for rarely available sites coming to market.

At 22,650 Sq Ft the property is suitable for a number of uses including hotel/serviced accommodation, industrial/warehouse/office/retail.

The property and site can be purchased with vacant possession.

The site has a 24 hr license as well as being licensed for live music indoors and outdoors, all parts of the property are licensed to sell alcohol including the car park and scaffold yard.

Location
Situated on the corner of Third Avenue and Fifth Street, the site is a level rectangular shape. There is excellent access to the M60/ M62 motorway network and is serviced by the Village Metrolink Tram Station on the new Trafford Park tram line extension. Manchester City centre is 3.2 Miles to the Northwest. This public house (Freehouse) is in walking distance to Manchester United making this establishment a popular destination on home games. Also nearby is the Trafford Centre, MediaCityUK, Lowry Centre and Lancashire County Cricket Ground.

The future for Trafford Park
There is a huge amount of future investment coming to Trafford Park, with upcoming projects to include Therme Manchester, Modern Surf, Trafford Waters, Port Salford, Pomona Island and Wharfside rectangle. As a result the area is destined for an expected visitor explosion with upwards of 50 Million yearly visitors, whilst any potential new hotel builds are restricted due to lack of building space, this offers a perfect opportunity for a Mid-Range Hotel/Serviced accommodation operation well placed to take advantage of the ongoing needs for local workers, visiting football fans, Media City Contractors, the increase in leisure destination visitors as well as the huge influx of building contract workers expected to flood in over the next decade. Therme Manchester which will be located next to the Trafford Centre approx 1.6 miles away from The Village Inn and will combine hundreds of water-based activities with wellbeing treatments to create a unique experience never before seen in the UK. With an estimated cost in the region of £250m, it is forecast to attract up to two million visitors per year, within five years, making it the most visited water-based attraction in Europe.

Accommodation – building is approx. 7,534sq ft /700 m sq situated on 0.52 acre site.

Tenure - Freehold

Costs - Details of the Buyer's Premium and any additional fees payable are contained within the legal documents. We believe the property is elected for VAT.

Energy performance rating - D

Viewings - by appointment only please contact Daniel Jaysan 0161 773 4583 / sales@hydepartners.com 

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