Regent Plaza, Salford

RESIDENTIAL DEVELOPMENT / INVESTMENT OPPORTUNITY BEING SOLD ON BEHALF OF STEVEN MUNCASTER & NICHOLAS MYERS OF LEONARD CURTIS LTD JOINT ADMINISTRATORS OF REGENT PLAZA HOLDINGS LTD

Location/situation

The development site is strategically positioned on Oldfield Road in the heart of Salford, an area undergoing one of the most exciting and extensive regeneration transformations in the UK. This prime location offers residents an unparalleled opportunity to be at the centre of a thriving, dynamic community while remaining just moments away from Manchester's bustling city centre.

Perfectly situated for commuters and city dwellers, the site boasts exceptional transport links. It is adjacent to the A57 Regent Road, a primary arterial route providing direct access into Manchester city centre within minutes, as well as connecting to the wider M602 and M60 motorway network. Salford Central and Salford Crescent train stations are both within easy reach, offering mainline services across the region. Frequent bus services along Oldfield Road and Chapel Street further enhance the connectivity, making for an effortless commute.

The development is exceptionally well-placed to benefit from two of the region's most significant economic and educational hubs. The University of Salford's main Peel Park campus is a short walk away, creating strong demand from students, faculty, and university staff. Furthermore, the world-class MediaCityUK, home to the BBC, ITV, and a host of creative and digital businesses, is just a short journey away. To the east, Manchester's central business district, including the Spinningfields financial centre and St. Peter's Square,is easily accessible, offering a wealth of employment opportunities.

Residents will enjoy a rich local lifestyle with an abundance of amenities on the doorstep. The regenerated Chapel Street corridor features an eclectic mix of independent cafes, bars, and restaurants. For retail needs, the Regent Road Retail Park, with major brands like Sainsbury's and TK Maxx, is nearby. For leisure and recreation, the historic Peel Park-one of the UK's first public parks-offers beautiful green space for walking, running, and relaxing. This location truly offers the best of both worlds: a vibrant, evolving local neighbourhood with immediate access to the commercial and cultural dynamism of two major cities.

Development summary

The opportunity comprises a c 2.18 acre site with the benefit of planning permission for 525 residential units. The development is proposed across 5 blocks with one of the blocks (B) now complete and sold with a further block (C) due to be completed by the administrators in April 2026. The remaining 3 blocks (A,D & E) are due to accommodate 338 units alongside 2 floors of car parking at ground and 1st floor below an interconnected landscaped podium.

Regent Plaza achieved planning consent in 2016 (Planning Ref: 16/68723/FUL) with the particulars of development outlined as follows. Demolition of existing buildings and redevelopment to provide a residential-led development of 525 residential units (Use Class C3) of up to 26 storeys comprising 488 apartments and 37 town houses, provision of a residents gym (418sqm), cafe (Use Class A3) (103sqm), residents lounge (280sqm), management reception (68sqm) and residential lobby (210sqm), associated landscaping and drainage works, and vehicle and cycle parking, with vehicular, cycle and pedestrian access from Duncan Street and additional pedestrian access points at Regent Road and Oldfield Road. The section 106 has been agreed and is available for review in the dataroom. Further details are available via the Salford City Council planning portal. Interested parties are encouraged to make their own investigations regarding the planning status.

The administrators have provided the following update pertaining to the construction of the scheme:

> Block B – 91 residential units is now completed and occupied.

> Block A – 184 residential units, 181 apartments, 3 townhouses: Construction has not commenced.

> Block C – 96 residential units, 84 apartments, 12 townhouses: Approximately 90% complete. To be completed by the Administrator with completion estimated for April 2026 with an estimated cost to complete of c £2,000,000.

> Block D – 145 residential units –135 apartments, 10 townhouses: Approximately 5% complete.

> Block E – 9 residential units –4 apartments, 5 townhouses. Construction has not yet commenced.

Title

Freehold title available with the ability to split if necessary.

Offers & expressions of interest

The vendor is open to consider proposals for all or part only of the development, either subject to the existing sale contracts, or with these removed from the title.

We are inviting expressions of interest before formally requesting offers. Details regarding offer requirements will be circulate to those parties which have expressed interest.