£450,000 /Sale price

We are delighted to offer to the market on behalf of the landowner this incredible site in Leigh Greater Manchester. Being sold with the benefit of full planning permission the site contains two elements the conversion and extension of the existing gymnasium building into 18 one and two-bedroom apartments and the creation of 20 newly built townhouses on the land to the rear. The vendors will sell both plots separately or combined and the asking price on the advert is per plot.The apartment scheme is the last part of the former Leigh College which has yet to be converted with the library and school currently under construction to create a very sought-after residential development. The 18 apartments vary in size from 40 sqm to 71spm and are a mix of one and two bedrooms over three floors. The apartment scheme would suit a developer looking at the resale market perhaps or a build-to-rent scheme. As part of the planning process, an independent valuation was completed in June 2023, this would give an anticipated GDV of £2,801,000 local reports have indicated house prices have risen since this period. The scheme benefits from no section 106 or affordable element to the whole site as well.The former gymnasium was part of the Leigh College site which is currently being renovated to create a fabulous scheme in Leigh town centre to create a really nice development from a dilapidated building.The Greater Manchester gymnasium building was once described as the oldest working gym operating and is of local importance due to its historic ties with the town since being gifted to the school in 1902.Based in Ullswater Street, Ada and Hilda Smith trained there before their success at the 1928 Olympics. The site fronts onto three streets – Ullswater Street, Boughey Street, and Thirlmere Street, and has been partly cleared apart from the derelict former college gymnasium.Full details of the planning permission can be found under the Wigan planning portal reference – A/22/94743/MAJOR