21 NEW DEVELOPMENTS
It’s not the size that counts A
residential conversion in Greater Manchester which features 184 high specification one- and two-bedroom micro apartments has secured development finance.
Fabrick, by Inspired Asset Management, is a permitted
development office-to-residential scheme which converts Sim Chem House, a 7,614 m² office building on Warren Road in the prime Manchester suburb of Cheadle Hulme, just eight miles from the city centre. Built in the 1960s, the building is set to undergo a radical
transformation, being stripped back to the shell and core and re-skinned with an all new contemporary residential facade. Fabrick’s micro-apartments range in size from 30 m² to 38 m² for
a one bed, and 49 m² to 57 m² for a two bed. They will be designed to a high specification, including hardwood flooring, granite worktops and designer bathrooms. Residents will also have access to a communal rooftop terrace and Wi-Fi ready club lounge. The development is situated conveniently for commuters, just
moments away from Cheadle Hulme railway station, providing direct trains to Manchester Piccadilly in just 16 minutes, and Stockport in only 6 minutes. Manchester Airport is a 10 minute drive, and is home to the new £800m Airport City Manchester development and its £130m ‘China
Cluster’, set to be the UK’s first airport city and a leading business hub in the region. Mark Skinner, chief executive at Inspired Asset Management,
commented: “We only completed on the scheme in February, so to get funding so early on highlights the confidence in our proposals and the location.” “Despite recent growth,” he said, “prices are still below their
2008 peak, which shows where they are in the cycle.” He described Manchester as the country’s “second city.” The scheme is Inspired’s first in the north, and has an estimated
GDV in excess of £28m. More than 30 apartments have already been reserved. Prices start
at £130,000 for a one-bedroom micro apartment, and construction is expected to commence in the summer.
BUILT IN THE 1960S, THE OFFICE BUILDING IS SET TO UNDERGO A TRANSFORMATION WHICH WILL SEE IT STRIPPED BACK TO THE SHELL AND CORE
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