Stocktons Great Ancoats Street
One of the proposed schemes, comprising three blocks facing Great Ancoats Street

Stocktons site up for sale for £20m

Dan Whelan

Agents are inviting bids to buy the site of the furniture shop on Great Ancoats Street in Manchester, earmarked for up to 850 residential units or a mixed-use scheme, and hope to agree a sale next month. 

The deadline for bids for the site, which houses a 55,000 sq ft showroom on the corner of Great Ancoats Street and Store Street, is the last day of July. 

While the proposed three-block residential development is most likely, the agents – McLoone Property and Ken Bishop Consulting – said there is scope for a mixed-use scheme providing 370 apartments across two blocks and 150,000 sq ft of offices in a third block, as an alternative project. 

The owners are looking to sell the site to a developer and relocate the furniture store to a different site. 

Stocktons has yet to select the location for a new showroom but the family-owned company wants a “more functional retail space with warehousing”, according to Ken Bishop, principal of Ken Bishop Consulting. 

The sales agents are working with planning consultant Paul Butler Associates and an unnamed architect to draw up preliminary proposals. 

Bishop said the site was “arguably one of the finest remaining freehold sites within Manchester’s Inner
Ring Road”.

Your Comments

Read our comments policy here

Yes. we are short of appartments in Manchester and Salford… There is over 50 building cranes in the area at the moment all building high rise blocks that are mostly expensive for most citizens.

By Darren born bred Salford

I bet my review into CGT has something to do with the timing of this.

By Rishi Sunak

A far cry from anonymous shed created to undercut Kendals Debs – but an opportunity to exploit the plot Here we go here we go !!!

By Disco Dave

£20m. Thats an insane price aspiration in this market. Mental.

By DS

I miss the old days when Ancoats ruled Manny. All yuppies now.

By Frankie Flat Cap OG

Shame Stocktons is going. Where am I going to by my tasteless, overpriced furniture from now?

By Born n bred man

I remember once watching someone running the length of Oldham Street with 50-odd inch TV he’d just nicked out of a shop window… nowadays it’s just full of scumbags working and paying their share of council tax

By Born n bred Manc

If this picture is to be taken seriously, it means that Oxygen development will no longer be iconic and visible. Such a shame. The city view for occupants of Oxygen will be blocked. Watching to see how the owners of Oxygen will react to such a plan.

By Ben

we’ve won the lottery

By Anonymous

Ancoats and Salford are just as yuppified as each other. For the record Frankie flat cap Ordsall ran Salford AND Manchester.

By Darren Salford lad

Beautiful building, I bet [some developers] can’t wait to flatten it in their quest for total banality.

By Neil

Sheffield on steroids

By clear

I don’t get people saying they miss the “old Ancoats”. What, the empty land, derelict pubs and a half-collapsed church? Some people just moan for the sake of it.

By Anonymous

@Anonynous, you’re forgetting the good old days when Manchester was an absolute sh*thole – has anyone mentioned the hacienda in this thread yet?

By Anonymous

Get it built. More council tax payers. More individuals living in a walkable location not needing to clog up the roads. More eyes on the street around the back of Piccadilly. More shoppers pounds making local businesses viable.

By Progress

I remember the Hulme crescents. We used to think Ancoats was posh.

By Anonymous

Lovely proposal.

By Anonymous

“£20m. Thats an insane price aspiration in this market. Mental.

July 21, 2020 at 3:12 pm By DS”

Not necessarily an insane price for such a large site with the freedom to build big and high granted by a friendly city planing department. With a site cost of £20m, and development cost including amenities of another £40m, dividing that total £60m by the stated possible 850 residential units produces an average overall cost to the developer of only £70,588 per residential unit. assuming an average market value of, conservatively, £150,000 per unit across the development, that’s a profit of £79,142 per unit. Multiplied by 850, that’s £67.5m in profit. Even if the development costs were way higher than £40m, the expected profit makes £20m for the land look cheap.

By City Veteran

Why on earth would they want to get rid of those cool warehouses? They’re one of the last fragments of Ancoats history which now faces being destroyed and for what? Because some agent came along and told the owner they could make £20m quid and because MCC, in their pre-application discussions indicated that they don’t care either way.

Once again Manchester tries to act like a big city and thinks that yet another bland cuboid is the way to demonstrate that. Clearly, the lack of sophistication shows through time and again – no other big city would allow buildings like these to simply be lost – they’d insist they were incorporated sensitively into any redevelopment.

By Commenty

@commenty – I’m all for keeping old mills and warehouses, but these aren’t exactly Crusader or Royal Mills. They are in pretty bad nick, and are also a bit of a hotch potch of builds over different periods. Not strictly in Ancoats either.

By Manc

City veteran @ comments above are 99% correct, apart from the appartments prices, these will start about 195,000 for a 1 bed apartment.. It’s called progress citizens, people want to live in expensive horrible and dull high rise blocks, let em (I will stick with my 3bed house with a big back garden and driveway).. I went past yesterday while I was working and looked at the massive Stockton’s warehouse, the land is really big. More dull high rise expensive appartments are planned for the whole of Salford and Manchester.

By Darren born bred Salford

Although I don’t share the nostalgia for this building, I think that it is a pity that a viable business is being removed for flats. At the moment there is no cohesive approach to GAS. Too much ad hoc and not enough planning for the street as a whole. I think Salford has done a really good job with Chapel street and they have utilised the old architecture well. MCC has failed to get rid of the grot on GAS and it looks like a dolled up Gorilla at the moment.

By Elephant

More apartments !!! Are these going to be affordable?

By Regular

@Darren – are you suggesting that they stick 3 bedroom houses and gardens in inner city areas? We need high density not low density in these areas. Also as has been pointed out many times, plenty of local people can easily afford to live in town, and do so happily.

By Manc

@Darren

Please can you post a pic of your driveway and garden I really want to know what type of material and planting you use.

By Anonymous

City Veteran – £25k per plot is a standard starting point for land value in the city centre (unlikely to achieve this). This will definitively cost more than £40m though. At least £100m

By Mrqs

Regular – These apartments cost in excess of £150k to build. What’s affordable? Do you expect them to give them away? You can’t build two bedroom timber house for £40k in the city centre like you can in the suburbs. Affordable and high rise don’t go together.

By Mrqs

A mate of mine owns 3 apartments in Ancoats area and they are really small, basically not enough to swing a cat in. These expansive dull high rise tower blocks will go for about £195,000 for a little 1 bed apartment.. In a nice bit of salford, you can buy a lovely spacious 3bed house for £195,000 with a lovely back garden and a driveway.

By Darren born bred salford

More apartments in Manchester

By Regular

That’s all it is now. High rise living.

By Regular