commercial property lambert smith hampton

News - 26/09/2014

LSH brings redevelopment opportunity to the Greater Manchester market

LSH has been appointed to secure the sale of Stockport development, Regal House.

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Excellent redevelopment opportunity suited to a variety of uses

Prominently situated on Duke Street and overlooking St Peter’s Square, the 11-storey 53,000 sq ft freehold building benefits from Stockport’s Assisted Area status, providing a unique redevelopment opportunity to developers looking to take advantage of tax benefits under the Building Premises Renovation Allowance.

Existing planning consent for new full height glazing and a prominent double height entrance enhance the development opportunity that could be suited to a variety of uses such as office, hotel or residential.

Further enhancing the Stockport area

Adam Jackson, Associate Director of Office Agency at our Manchester office, said: “We’re excited to be part of a project that inspires innovation for prospective new buyers, particularly in a part of Greater Manchester that offers so much potential.

“Stockport is fast becoming an incredibly viable location for ambitious businesses and residents looking for better quality modern housing. We look forward to concluding a sale or a joint venture agreement that will further enhance the area.