We are delighted to announce our latest acquisition in the vibrant city of Manchester: a mixed-use property located on the well-known Oldham Road (A62). This strategic purchase comprises three residential flats and two commercial units, adding a valuable, diversified asset to our growing portfolio.
The Property and its Dynamic Corridor
This property offers the best of both worlds – residential accommodation catering to the high demand for city living, alongside commercial spaces serving the local community. Oldham Road itself is a key arterial route, historically connecting the city centre with towns to the north-east. The specific area around the city-proximate end of Oldham Road, bordering the ever-popular Ancoats, New Cross, and Northern Quarter districts, is a particularly exciting and rapidly evolving part of Manchester. It’s known for its unique blend of historic industrial architecture and cutting-edge modern development.
At the Epicentre of Manchester’s Growth
This part of Manchester is currently experiencing unprecedented investment and regeneration, making it one of the most dynamic areas in the city:
- Victoria North: Literally on the doorstep is the Victoria North project – one of the UK’s largest and most ambitious regeneration initiatives. This £4 billion, 20-year plan is transforming 390 acres north of Victoria Station into seven new neighbourhoods, set to deliver 15,000 new homes, extensive parkland (including the City River Park), improved transport links (with plans progressing for a potential new Metrolink stop at Sandhills), and new community facilities. The sheer scale of Victoria North will fundamentally reshape this part of the city, bringing thousands of new residents and significantly enhancing local infrastructure and amenities.
- Ancoats & New Cross Momentum: The property benefits from its proximity to the continued boom in Ancoats and New Cross. These areas remain highly desirable, known for their stylish mix of converted mills and new-build apartments, independent bars, acclaimed restaurants (including Michelin-starred Mana), and creative businesses. New residential developments, like the ‘Poplin’ Build-to-Rent scheme on Oldham Road, continue to add to the housing stock, reflecting sustained demand.
Local Character and Amenities
The area offers a fantastic blend of urban energy and neighbourhood charm. Residents and businesses benefit from:
- Proximity to the Northern Quarter: Just a short walk away, offering an eclectic mix of independent boutiques, record stores, cafes, and bars.
- Local Independents: A growing number of local shops, cafes, and amenities are emerging along Oldham Road and in Ancoats/New Cross, catering to the burgeoning residential population.
- Historic Interest: Landmarks like the Grade II listed Crown & Kettle pub provide a tangible link to the area’s rich heritage.
- Connectivity: Excellent transport links via nearby Victoria Station, Shudehill Interchange, and numerous bus routes along Oldham Road provide easy access across the city and beyond.
A Strategic Investment in a Thriving Area
Acquiring this mixed-use property on Oldham Road is a strategic move, allowing us to invest in a key Manchester corridor poised for significant growth. The combination of residential and commercial units provides diversified income streams in an area benefiting from both strong housing demand and the economic uplift driven by major regeneration projects like Victoria North. We believe strongly in the long-term prospects of this dynamic neighbourhood.
We are excited to become stewards of this property and contribute positively to the Oldham Road community as it continues its exciting evolution.
