Stocktons site up for sale for £20m
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