OSCAR HOUSE, MANCHESTER Oscar House was acquired in September of 2020 and it is situated on the corner of Cleworth Street and Chester Road, Manchester. It is within close proximity to both Manchester City Centre and MediaCity, the home of the British Broadcasting Corporation (BBC), through bus links and is less than 5-minute walk to the tram that links the two. The property is situated on Chester Road within close proximity to Manchester City Centre. The area covers 8,276 sqft. The Group has planning permission for 27 Self-contained one- and two-bedroom apartments that will be split over six floors. Works commenced in Q2 2021 to construct the building and the development is forecasted to complete in Q3 2022.
CHURCH GATE, LEICESTER The land at Church Gate covers an area of 0.21 acres (0.086 hectares) and is currently undeveloped. The Group intends to construct 15 Self-contained apartments and one commercial unit totalling approximately 11,000 square feet. The site is located on the corner of Church Gate and St Peter’s Lane, lying inside the A594 central ring road. It is within a one-minute walk of the city centre and approximately 0.7 miles from Leicester railway station. A pre application for planning was submitted in July 2020 and a full planning application submitted December 2020. It is expected that planning will be achieved Q3 2022. It is anticipated that the construction of the property will take approximately 12 months. It is anticipated that work on converting the building will commence in Quarter 2 2022.
SEATON HOUSE, STOCKPORT Seaton House was acquired in Q1 2022 and is located in the centre of Stockport and only a 7 minute walk to Stockport train station, which has a direct line to both Manchester and London. The site is also in proximity to another One Heritage development, St Petersgate. Seaton House is an existing office building with permitted development rights which would allow conversion into 12 apartments. One Heritage is in the process of submitting a planning application for up to 30 apartments which will have a Gross Development Value of £5.6 million. Construction is expected to start upon successful planning and take 12 months, with completion expected in Quarter 4 2023. Stockport is seeing significant investment and could outperform against the broader property market due to its excellent connectivity to both London and Manchester via train, its proximity to Manchester airport, and its access to the Peak District.
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