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Guide Price£1,500,000

Preston

Key Features

  • Outline Planning Approval
  • Superb Investment/Development Opportunity
  • Located on a key route into Preston city centre
  • Immediate proximity to UCLan and student accommodation clusters
  • Excellent transport links with Preston railway station close by
  • Strong local demand for both private rented and student residential accommodation

Description

The Approval

Outline planning permission was granted in August 2025 for the comprehensive redevelopment of the Fylde Road Mill site. The approved scheme provides for two striking residential blocks of eight and ten storeys in height.

Delivering a total of 108 apartments with a mix of studios, one and two-bedroom homes and a commercial unit

At the ground floor level, the development incorporates flexible Class E commercial space. Additional highlights include rooftop terraces, landscaped communal gardens, and wellness facilities such as a gym and yoga areas. The scheme has been carefully designed with active frontages and a landmark tower element of approximately 38 metres, creating a bold new presence on Fylde Road.

The Site

The current building occupies a highly prominent position on Fylde Road, one of Preston’s key arterial routes leading into the city centre. The site is currently home to the former Fylde Road Mill, a large industrial building now identified for demolition. It sits within a vibrant mixed-use area that includes established student accommodation, residential properties, and commercial occupiers, with the University of Central Lancashire campus just a short walk away. The redevelopment will transform this underused industrial land into a landmark residential-led scheme that reflects the modern character of the area.

Access to the site is taken directly from Fylde Road.

All viewings are strictly by appointment only.

Location:

Fylde Road Mill enjoys a central position in Preston, close to the University of Central Lancashire and within walking distance of the city centre. The location offers a mix of cultural, educational and commercial uses, making it highly attractive for residential development.

Amenities: The surrounding area benefits from a wide range of retail, leisure and lifestyle amenities, from local shops and cafés on Fylde Road to the extensive offer within Preston city centre. The university campus adds vibrancy to the area, while existing student and residential accommodation creates a thriving community around the site.

Transport Links: The site is exceptionally well connected. Preston railway station, on the West Coast Mainline, is within easy walking distance, providing rapid connections to Manchester, Liverpool, and London. Fylde Road forms part of the A583, a key arterial route through the city, linking the site to the wider road network. Local bus routes further enhance accessibility, offering frequent services into the city centre and surrounding areas.

Contact The land team for further information

Property details

Tenure
Freehold
Council Tax Band
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Date Posted
2026-02-17

Utilities & Restrictions

Utilities

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Rights & Restrictions

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Property Features

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Enquire about this property

Contact Allen Heritage, Shirley

151 Wickham Road, Shirley, Croydon CR0 8TE

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