Goodwin Property Holdings has launched sales on The Lyceum, its redevelopment of the former Crown Theatre in Eccles into 82 apartments.
Known originally as the Lyceum and then the Crown, the 1890s grade two-listed building was last used as a theatre in the 1930s and was later used as a bingo hall, but has been derelict for 20 years. Following its redevelopment, it will house 82 one and two-bedroom apartments, with completion set for the final quarter of 2020.
The project has been acquired by Goodwin from Derby-registered business Foregate, and will be delivered by sister business Goodwin Construction Group. Place understands that site clearance and the erection of hoardings will take place soon as the build programme takes shape. The project’s overall development value is £13m.
Richard Goodwin, managing director of Goodwin, said: “As a family-run business from humble beginnings, we’re extremely proud to bring this historic building back to life and continue to provide the highest quality development and construction services to the market.” The business also has interests in Liverpool’s Parliament Street and The Mews in Knutsford.
The project was taken through the planning process by Foregate, with designs by Shrewsbury architect Ochre Building Design. The application proposed the demolition of all but the existing structure of the theatre, and replacement of the dilapidated buildings to the rear with a new-build eight-storey mixed-use development. The former theatre foyer was proposed for use as a 1,900 sq ft unit, to house a small business unit or a shop.
These plans were submitted in late 2018 and approved by Salford City Council in February. They represent the latest proposal for the site, where consent was granted in 2008 for a facade retention and demolition of the majority of the building, to be replaced with apartments, in September 2008 – a scheme that was never progressed.
A plan to demolish the entire building was then put forward in 2015, but plans were withdrawn following consultations with the council and Historic England.
Goodwin said that those looking to purchase an apartment at The Lyceum for investment purposes will benefit from full management with a 7% net rental return.