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We are thrilled to confirm that Salford City Council has approved the planning for the Salford site. This was officially accepted last Thursday 5th April 2018.
The 125-home PRS scheme on Liverpool Street has been given the go-ahead by Salford City Council’s planning committee after Lichfields had submitted the application for 4-26 Liverpool Street on behalf of Rodus Developments, based in Newcastle-upon-Tyne, which is a joint venture between United Living and High Street Group, a North East-based investment business.
The United Living site sits close to the Cemex concrete batching operation in a zone designated for mixed-use development, and sits to the west of Middlewood Locks, with Outwood Wharf close by to the north. It is a new-build project and will require the demolition of the site’s two existing buildings – the Duke Centre at Douglas House, and the former Sheldon’s Tyre Centre. The project includes 63 one-bedroom apartments, 57 two-bedroom dwellings in a mixture of apartments, townhouses and duplexes, and five three-bedroom homes.
Nathan Matta, planning director at Lichfields, said: “This development, alongside the large scale development of Middlewood Locks has the potential to bring about the creation of a sustainable new community in this part of the city and to significantly enhance visual amenity and the mix of uses on the area. “The development of this site will result in many positive regeneration benefits and will be seen as a catalyst for change in this important part of the city.”
The Salford site acquisition opportunity and subsequent sale has resulted in a return of over 15% for our property investors, in less than 11 months.
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