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Land, in Mount Street / Theatre Street, £1
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Land

Mount Street / Theatre Street, Preston, Lancashire, PR1
Land Planning
£1

Our Summary

  • RESIDENTIAL DEVELOPMENT OPPORTUNITY
  • THE SPIRE - development, Theatre Street, Preston PR1 8BS Residential Development Opportunity An exceptional opportunity to acquire a landmark city centre development site with full planning consent for 67 new homes, situated within one of Preston's most recognisable heritage settings
  • Key Features Landmark city centre development opportunity Planning consent for 67 residential units 17 new-build townhouses arranged around a new public square 50 apartments comprising a mix of one, two and three-bedroom homes Retained Listed Chapel and Church Tower creating a unique heritage focal point Prominent Preston city centre location Approximately 5 minutes' walk to Preston Railway Station Approximately 10 minutes' walk to UCLan campus Adjacent to Fishergate Shopping Centre Close to Winckley Square, Avenham Park and Miller Park Indicative Gross Development Value (GDV) of approximately £16m–£17m Positioned within an area benefiting from major regeneration investment Significant asset management and value-add potential through refurbishment of retained heritage buildings Planning Full planning permission has been granted for the residential redevelopment of the site
  • Planning Reference: 06/2019/0952 Further Information Detailed information packs, planning documentation and supporting reports are available upon request

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Description

The development site, known as The Spire, is a landmark city centre location situated in Preston's heritage setting on Theatre Street. It consists of a retained Listed Chapel and Church Tower, 17 new-build townhouses arranged around a new public square, and a block of 50 apartments offering a mix of one, two, and three-bedroom homes. The site is positioned adjacent to Fishergate Shopping Centre and benefits from proximity to Winckley Square, Avenham Park, and Miller Park.

The development has 67 residential units in total, with a proposed indicative gross development value (GDV) of approximately £16-17 million. The site's unique heritage feature is complemented by a new public square and landscaped surroundings.