Summary - The Waterside, Springfield Lane, Manchester, M3 7JQ M3 7JQ
1 bed 1 bath Residential Development
Consented 183-unit scheme near Manchester Victoria and Salford Central.
Waterfront site fronting the River Irwell
A large riverside development opportunity in the heart of Manchester city centre, offered freehold with consented plans for 183 private residential units across three linked blocks. The site fronts the River Irwell and sits within a 10-minute walk of Manchester Victoria and Salford Central stations, giving strong connectivity to the city and wider Greater Manchester. The consented scheme totals c.115,949 sqft NIA and includes a small Class E commercial unit plus residents’ communal space.
The planning consent (Ref. 22/80643/FULEIA) was submitted October 2022 and is granted subject to the signing of a S106 agreement. The approved mix includes 81 one-bed, 91 two-bed apartments, six two-bed townhouses and five three-bed units, with most homes featuring Juliette balconies and some private balconies/roof terraces. The site extends to c.1.5 acres and the existing vacant commercial buildings are due for demolition to create a cleared plot ready for redevelopment.
This is an institutional-scale proposition for developers or investors targeting city-centre PRS or sale market. Key advantages are the waterfront setting, large plot, strong transport links and detailed consent in place. Material considerations include the requirement to complete the S106 (£1,159,010), the property being elected for VAT, and delivery works to demolish existing structures before construction can proceed. The local context is a cosmopolitan, student-oriented neighbourhood which will influence rental and sales dynamics.
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