Investment Opportunities

Page Contents

Mawdsley Street, Bolton, BL1 1LF

Location and Situation

This site sits within the context of the wider ongoing regeneration of Bolton Town Centre.

Mawdsley Street is located in a small professional area of Bolton Town Centre close to Newport Street. It is understood that this site was the birthplace of the University of Bolton.

The site has an expired consent for residential use. It is accessed off Great Moor Street and is located opposite the new Bolton Bus and Rail Interchange.

It also has good connections to the local road network and St Peter’s Way (A666) which provides access to the regional motorway network.

There are a number of different occupiers in this location including bars, nightclubs, restaurants, offices, residential occupiers and retailers.

 

Site Description

The site provides a mixture of 2 No. and 3 No. storey period properties that offer a significant amount of character to the street. These include the offices of AFG Law and 30 Mawdsley Street; a Grade II listed building in a significant state of disrepair.

There are a number of surfaced open car parks that are currently well used by both the surrounding office occupiers and the general public.

There is a 3 No. storey circa 1960’s office block known as Commercial Union House with ground floor retail and 2 No. floors of offices above that fronting Great Moor Street. There is also a modern 4 No. storey office building named `The Hub` that is situated in this location.

The quality of the buildings range from being unused and dilapidated to being relatively modern and in some cases, recently refurbished.

The gross site area is understood to be 1.5 acres (0.6 hectares). Please note these are high level estimates and will require further investigations and due diligence regarding the net developable area and site ownership and boundaries.

The current planning uses of the properties range from leisure, retail, office, residential use and open car parks. Some of the properties are listed and lie in a conservation area.

There are multiple entries into the rating list for properties located within the subject site. Further investigations will need to be carried out in relation to the extent of the total rates liability for the site.

The property contains a number of ownerships although Bolton Council own a significant proportion of freehold. The remainder is owned by various individuals.

The site will require land assembly and has a variety of tenancies, a number of which are either holding over or are on short term tenancies.

The site is located in between the Crompton Place and Trinity Quarter intervention areas. It is hoped this infill area will benefit from the surrounding developments and improve significantly as a result of these developments as there will be a significant number of office and residential occupiers in close proximity to the subject site, not to mention the expected high volume of visitors to both the retail and leisure amenities at Crompton Place.

Bolton Council owns a lot of the freehold (circa 60%) in the area. The site area could be extended further if acquisitions were made on the east side of Mawdsley Street where the Council have a number of freeholds.

Whilst the Council own the freehold there are a number of leasehold interests and other freeholds which may have to be bought in, particularly Back Cheapside which are now open car parks. Commercial Union House, which fronts Great Moor Street could be brought in to provide the scheme with frontage.

The proximity to the Bolton Interchange and the junction of St Peter’s Way (A666) should present an accessible site with good transport links.

There are a number of ownerships which may make the site assembly challenging and prohibitive to a development. Bolton Council is considering disposing of its interest on commercial terms and would welcome any expressions of interest, particularly where a potential purchaser could demonstrate a route to delivering a comprehensive scheme.

Although further investigations will be required some of the buildings could be retained and converted to provide an attractive development which will provide character to the area and could compliment the new developments, particularly at Victoria Square.

mawdsley thumb 1
mawdsley thumb 2
mawdsley thumb 3

St Andrews Court, Bolton, BL1 1LF

Location and Situation

This site sits within the context of the wider ongoing regeneration of Bolton Town Centre.

The property is situated in the heart of Bolton Town Centre, on Mawdsley Street, just yards from Crompton Place development site.

The property is surrounded by a mix of uses including offices, hotel, bars, nightclubs and restaurants.

This area is also dominated by a number of professional practices, including solicitors and accountants.

The premises have good transport links and is approximately 0.5 miles from St Peter’s Way (A666), which connects with the M61 and ultimately the national motorway network.

The property is situated within a five-minute walk of Bolton Interchange which provides links to Manchester City Centre, Blackburn, Preston and Manchester Airport.

There are also a large number of car parks close by and the newly opened Bolton Business School at the recently developed office building at Bolton Central.

Site Description

St Andrews Court comprises a number of boutique-style retail units, housed in a Victorian arcade complex occupied by a range of retail operators, a travel agents, office accommodation, residential accommodation and a bar.

It is understood one of the buildings is listed and currently operates as an NHS Drop-in Centre, much of the complex is pedestrianised. The quality of the buildings range but most appear to be in a reasonable condition.

It is understood the gross site area is 1.5 acres. Please note these are high level estimates and will require further investigations and due diligence regarding the net developable area and site ownership and boundaries.

The property lies within the jurisdiction of Bolton Council whose planning policies are contained within their Local Development Framework.

The current planning uses of the properties range from leisure, retail, office, residential use and open car parks. Some of the properties are listed and lie in a conservation area.

There are multiple entries into the rating list for properties located within the subject site. Further investigations will need to be carried out in relation to the extent of the total rates liability for the site.

It is understood that the site contains a number of ownerships although Saks Investments own a significant proportion of freehold.

Other landowners are individuals mainly for their own occupation.

It is assumed that there are no encumbrances, easements, restrictions, outgoings or conditions that are likely to have an adverse effect on the value of the property and Fletcher CRE have assumed that there is a good marketable title.

It is recommended that the tenure is verified by legal advisors.  

The site will require land assembly and has a variety of tenancies, a number of which are either holding over or are on short-term tenancies.

The site is located in between the Crompton Place and Trinity Quarter intervention areas. It is hoped this infill area will benefit from the surrounding developments and improve significantly as a result of these developments as there will be a significant number of office and residential occupiers in close proximity to the subject site, not to mention the expected high volume of visitors to both the retail and leisure amenities at Crompton Place.

Given the proximity to Victoria Square, Bolton Interchange and access to St Peter’s Way (A666) this is expected to prove a popular location.

Although further investigations will be required, some of the buildings could be retained and converted to provide an attractive development which will provide character to the area and could complement the new developments particularly at Victoria Square.

standrews thumb 1
standrews thumb 2
standrews thumb 3

Elizabeth House, 21 Back Spring Gardens, Bolton BL1 1SJ

Location and Situation

This site sits within the context of the wider ongoing regeneration of Bolton Town Centre.

The subject site is located fronting Great Moor Street in Bolton Town Centre.

It is located in close proximity to both the Bolton Interchange as well as the Town Hall and Victoria Square. The property is positioned within a short distance from St Peter’s Way (A666) which provides direct access to both the M61 motorway and in turn, the M60 Manchester Orbital Network.

There are a number of amenities in close proximity including The Market Place and the famous Bolton Market which recently underwent a £4m refurbishment.

Queens Park (off Chorley New Road) can be accessed within 0.5 miles of the subject site and the town centre within 0.3 miles. Le Mans Crescent is in walking distance from the property which contains Bolton’s Museum and the Octagon Theatre.

Site Description

The subject property comprises a large, detached office building over ground and four upper floors totalling approximately 6,968sq m.

The office space comprises a mix of open plan and cellular accommodation with a typical floorplate comprising three wings that can accommodate requirements from circa 790sq m.

The main access to the building is provided via Octagon Court with secondary access at Back Spring Gardens.

The office accommodation is available in a refurbished condition with a specification that includes carpeted floors, perimeter trunking and suspended ceilings with LED Lighting.

The accommodation is heated by way of a gas central heating system with wall mounted radiators.

There are 4 No. passenger lifts serving all floors of the building with both WC and kitchen facilities on each floor.

Adjoining the site is a separate car park in the ownership of Bolton Council. It is an open-air level car park which can provide up to 50 No. car parking spaces.

The gross site area is understood to be 1.16 acres with Elizabeth House covering 0.55 acres. Please note these are high level estimates and will require further investigations and due diligence regarding site ownership and boundaries.

The property lies within the jurisdiction of Bolton Council whose planning policies are contained within their Local Development Framework.

The subject property has been used as an office building, with part of the ground floor and basement used for both retail and leisure use.

There are multiple entries into the rating list for properties located within the subject site. Further investigations will need to be carried out in relation to the extent of the total rates liability for the site.

The property is under the ownership of Union Marpha who hold a number of titles on a long leasehold basis. Bolton Council hold the freehold for the property and the freehold of the adjoining car park.

It is assumed that there are no encumbrances, easements, restrictions, outgoings or conditions that are likely to have an adverse effect on the value of the property.

It is recommended that the tenure is verified by legal advisors.

The site is currently vacant. It is recommended this is verified prior to further investigations.

It is located close to other key strategic development sites in the town centre including Moor Lane, Deansgate Gardens, The Wellsprings and Crompton Place.

These developments are proposed to provide high quality residential dwellings which will drastically improve the area along with office, retail and leisure uses which will, in turn, increase footfall and bring more occupiers into the town centre.

The property is also well positioned close to both Bolton Interchange, sixth form colleges and the University of Greater Manchester. It presents a large office building which could be let to a large occupier or be considered for multiple uses which could satisfy a wide range of requirements.

The site is a large building with only one ownership.

Former Travis Perkins, 120 Albert Road Bolton BL4 9EL

Location and Situation

This site sits within the context of a wider programme of regeneration and investment in Farnworth.

The subject property is located in a prominent position on Albert Road Farnworth, close to Farnworth Town Centre and in good proximity to a number of trade counters and national retailers such as Asda, KFC, Co-op Funeral Care, Lidl and Anthony Axfords.

It is also close to the flagship development of Farnworth Green.

St Peter’s Way (A666) is easily accessed within a 5-minute drive, this ultimately connects to both the regional and national road networks.

Site Description

The subject site was previously occupied by Travis Perkins builder’s merchants and was used for open storage of building materials.

The site is tarmacadam and secure with a car park to the front of the property and storage to the side and rear of the unit. There was a former mill located on site, but it was recently demolished.

The gross site area is understood to be 1.6 acres. Please note these are high level estimates and will require further investigations and due diligence regarding the net developable area and site ownership and boundaries.

The property lies within the jurisdiction of Bolton Council whose planning policies are contained within their Local Development Framework.

The current planning use of the property is for a builders merchants.

There are multiple entries into the rating list for properties located within the subject site. Further investigations will need to be carried out in relation to the extent of the total rates liability for the site.

The property is held on a long leasehold basis.

It is recommended that the tenure is verified by legal advisors.

The site is currently vacant. It is recommended this is verified prior to further investigations.

It is located close to other key strategic development sites in the town centre including Farnworth Green, a community hub and a public square.

Many of the surrounding buildings in this location are currently in poor condition but this site sits within the context of a priority intervention area for Bolton Council and is close to a number of significant investments.

The site is a large building with only one ownership which may make a development more likely to occur either by the existing owner on a joint venture basis or by another developer. The site is suitable for residential, employment use or roadside retail / trade counter.

Land Adj to Little Lever Conservative Club, Little Lever BL3 1HW

Location and Situation

This site is located on Fletcher Street on the edge of Little Lever Town Centre.

It is located in close proximity to the rear of the main retail parade and is close to the Medical Centre.

The property benefits from good transport connections and is approximately 3 miles away from Junction 2 of the M61 motorway which ultimately leads onto the national motorway network.

Site Description

The site is an irregular rectangular shaped site, located fronting Fletcher Street and adjacent to the Little Lever Conservative Club.

The site is overgrown, rough land which appears level. It has previously had a building on the site which has since been demolished.

The gross site area is understood to be 0.5 acres. Please note these are high level estimates and will require further investigations and due diligence regarding the net developable area, site ownership and boundaries.

The subject site previously had secured outline planning consent in 2007 under planning application number 79089/07 for the demolition of the existing building and erection of a building comprising of 18x 2 No. bed apartments with access and associated car parking spaces.

The property is held in freehold by the Little Lever Conservative Club Company Limited under title number MAN30912. It is recommended that the tenure is verified by legal advisors.

The site is currently vacant. It is recommended this is verified prior to further investigations.

The site is located close to other key strategic development sites in the town centre including the new Library and Medical Centre and is close to a number of town centre amenities that would suit a residential development.

Many of the surrounding buildings in this location are currently in poor condition but this site sits within the context of a priority intervention area for Bolton Council and is close to a number of significant investments.

The site is in one ownership which may make a development more likely to occur either by the existing owner on a joint venture basis or by another developer. The site is suitable for residential use.

Land off James Street, Little Lever, Bolton BL3 1LT

Location and Situation

The subject site is located on High Street on the edge of Little Lever Town Centre.

It is bound by James Street to the south of the site and located in close proximity to the main retail parade and the Medical Centre.

The property benefits from good transport connections and is approximately 3 miles away from Junction 2 of the M61 motorway which ultimately leads onto the national motorway network.

Site Description

The site is an irregular shaped parcel of land and is mainly grassed with a number of trees scattered over the site, with the exception of a small parcel which is used as a public car park.

The gross site area is understood to be 1.2 acres. Please note these are high level estimates and will require further investigations and due diligence regarding the net developable area and site ownership and boundaries.

The property lies within the jurisdiction of Bolton Council whose planning policies are contained within their Local Development Framework.

The property is held Freehold by Bolton Council under title number MAN126879. It is recommended that the tenure is verified by legal advisors.

The site is currently vacant. It is recommended this is verified prior to further investigations.

The site is located close to other key strategic development sites in the town centre including the Library and Medical Centre and is close to a number of town centre amenities that would suit a residential development.

Many of the surrounding buildings in this location are currently in poor condition but this site sits within the context of a priority intervention area for Bolton Council and is close to a number of significant investments.

The site is in one ownership which may make a development more likely to occur either by the existing owner on a joint venture basis or by another developer. The site is suitable for residential use.

Land at Cricketers Way, Westhoughton BL5 3QS

Location and Situation

The subject site is located on Cricketers Way on the edge of Westhoughton Town Centre at the junction with the A58 Wigan Road.

It is located in close proximity to Sainsburys and opposite McDonalds and Pavilion Square Retail Park.

Cricketers Way provides excellent access to Junction 5 of the M61 Motorway and the national motorway network.

Site Description

The site is a semi rectangular shaped parcel of land located on a prominent corner position at the junction on Cricketers Way. The site is overgrown, rough land which appears level.

The gross site area is understood to be 0.8 acres. Please note these are high level estimates and will require further investigations and due diligence regarding the net developable area and site ownership and boundaries.

The property lies within the jurisdiction of Bolton Council whose planning policies are contained within their Local Development Framework.

The property is held Freehold by Bolton Council under title number GM459021. It is recommended that the tenure is verified by legal advisors.

The site is currently vacant. It is recommended this is verified prior to further investigations.

It is located close to other key strategic development sites in the town centre including the Town Hall refurbishment to be used for office and retail uses along with community uses.

It is close to a number of town centre amenities and would suit a residential development. Access to the site may need to be considered.

Many of the surrounding buildings in this location are currently in poor condition but this site sits within the context of a priority intervention area for Bolton Council and is close to a number of significant investments.

The site is in one ownership which may make a development more likely to occur either by the existing owner on a joint venture basis or by another developer. The site is suitable for residential use.

Silcocks Car Park, Mill Street, Westhoughton

Location and Situation

The subject site is located on the corner of Mill Street and Park Road on the edge of Westhoughton Town Centre.

It is located in close proximity to Westhoughton Town Hall and the property is positioned within a short distance from Pavilion Square Retail Park.

It can also access Cricketers Way which provides excellent access to Junction 5 of the M61 Motorway and the national motorway network.

Site Description

The site is a former car park which is rectangular in shape and in a prominent location at the main junction where Market Street meets Park Road and Mill Street. The site is level, cleared and of hard standing.

The gross site area is understood to be 0.38 acres. Please note these are high level estimates and will require further investigations and due diligence regarding the net developable area and site ownership and boundaries.

The property lies within the jurisdiction of Bolton Council whose planning policies are contained within their Local Development Framework.

The current planning use appears to be that of a car park.

The property tenure is unclear. It is recommended that the tenure is verified by legal advisors.

The site is currently vacant. It is recommended this is verified prior to further investigations.

It is located close to other key strategic development sites in the town centre including the Town Hall refurbishment to be used for office and retail uses along with community uses.

Many of the surrounding buildings in this location are currently in poor condition but this site sits within the context of a priority intervention area for Bolton Council and is close to a number of significant investments.

The site is in one ownership which may make a development more likely to occur either by the existing owner on a joint venture basis or by another developer. The site is suitable for residential use.