Development Opportunity – Part-Built Student accommodation complex Configured to provide 119 Bedrooms and 21 Studio Apartments

Description The property comprises a part-completed purpose-built student accommodation arranged over seven storeys in an ‘L’ shaped configuration. A central stairwell and single passenger lift will provide access to all floors. The External finish is a combination of brick and composite cladding over a portal frame and set under a flat roof. Internally, the accommodation is configured to provided a series of cluster flats comprising 119 bedrooms and 21 studio apartments (140 bedrooms in total). All room are plumbed for en-suite facilities and will share kitchen facilities (typically 4- 5 rooms per kitchen). In addition, it is proposed that there will be a self-contained retail unit (extending to approximately 1,941 sq ft) and a dedicated student hub / games area at ground floor level. Viewings – Strictly by appointment only. Please refer to legal pack for additional fees and the Auction Information document for guidance prior to bidding.

Tenure

See Legal Pack

Site Area

We calculate the site extends to approximately 0.112 hectares (0.28 acres)

Tenure

The property is held across two separate titles and is part-freehold (GM252461), PART LEASEHOLD (GM625198). The long leasehold is for a term of 999 years from 19th June 1891.

EPC

The subject property is yet to be completed and therefore understand an EPC is not required in accordance with Section L1A of The Building regulations

Planning Applications

Planning ref: (92476/05) – permission for ‘the errection of a seven storey building comprising accomodation for 140 students with communal facilities and retail unit on the ground floor’ was granted on 22nd December 2014 Planning ref: (71259/05) -Permission for ‘the demolition of existing building and errection of an 8 storey builing comprising 6 class A2 units together with 50, one and two bed apartments’ was granted on 27th May 2005 All parties should make their own enquiries to the local authority in respect of planning.

Location

Bolton is a busy town in Greater Manchester, with a population of 194,189 (2011 Census), approximately 10 miles North West of the City Of Manchester. The university of Bolton’s main campus is situated approximately ½ a mile South West of the property and has a student body of approximately 11,000, this figure is forecast to grow. Travel connections to cities such as Liverpool, Manchester and Leeds are easily accessible from the newly refurbished city centre railway station diagonally apposite the property, formerly know as Bolton interchange.

Situation

The property is situated within Bolton town centre fronting onto Great Moor Street at its junction with Lottery Row and close to the junction of Bradshawgate with Great Moor Street. The property is adjacent to the Balmoral public house to the east, Other nearby occupiers include the British Army (recruitment Centre), St Patrick's RC Church and the former County Grammar School. The property is within easy walking distance of the town centre amenities including an established retail and leisure offering including Morrison’s supermarket close by off Back Horse Street, The recently redeveloped Bolton Transport interchange and university of Bolton’s institute of Management building are also both situated diagonally opposite the property on Great Moor Street itself.

Energy Efficiency Rating (EPC)

Current Rating N/A

Local Authority

Bolton Metropolitan Borough Council

Additional Fees

Administration Charge - 1.5% inc VAT of the purchase price, subject to a minimum of £1500 inc VAT, payable on exchange of contracts.

Disbursements - Please see the legal pack for any disbursements listed that may become payable by the purchaser on completion.