MCR Property Group has put a former car park at Trafford Plaza on the market, more than three years after it purchased the site from Bruntwood.
The ground-level plot on Seymour Grove is currently owned by Hazelloch, a special purpose vehicle set up by MCR, which gained initial planning approval for a scheme on the site in 2017. A revised planning application for a 12- to 16-storey scheme with 174 apartments was approved by Trafford Council last February.
The apartments will be split between 64 one-bedroom and 110 two-bedrooms, along with 91 parking spaces at ground level.
The approved scheme was designed by Leach Rhodes Walker and the planning consultant was Roman Summer Associates.
It sits next to the Trafford Plaza office block, which has since been converted into flats. MCR acquired the building and the car park from Bruntwood in 2016. Intro Developments, another SPV of MCR, then submitted plans to convert the block into 90 apartments, and gained approval in September that year. A subsequent application for variation of conditions relating to car parking provision was later submitted by developer The Mandale Group, with ELG Planning acting as consultant, and approved in January 2018.
Hazelloch last year secured a £6m loan from the Greater Manchester Combined Authority to deliver the scheme. Place North West understands that the loan will no longer be provided now that Hazelloch is not pursuing the scheme.
Savills is marketing the site, but declined to reveal the guide price.
Ned Brooks, associate at Savills, said: “This site’s location on the edge of Seymour Park creates a more suburban feel despite its urban setting. Meanwhile, Trafford Bar Metrolink Station is just a short distance away, connecting the area into the city centre and thus offering the best of both worlds.
“As a result of its location, we are expecting interest to be strong, not only from local developers, but also from those across the UK who have their eye on Manchester as a key regional city.”