A 47 acre strategic residential development site in north west Manchester has been put on the market by the joint administrators of Ten Acre Limited, Brian Green and Richard Fleming of KPMG, and is being marketed by property consultant Eddisons.
The prime brownfield site, on Ten Acres Lane in Newton Heath, comes with a Manchester City Council resolution to grant planning for up to 500 houses over 36 acres. The site also has consent for 37,700 sq ft of employment space and includes 9 acres of open space.
Close to the Etihad Stadium, Sportscity and with direct rail links from the nearby Central Park train station, the Ten Acres Lane site was formerly occupied by Jackson Brickworks and is part of the wider administration of Lexi Holdings plc, the bridging loans firm which entered administration in 2006.
John Padgett, director and head of agency at Eddisons, said: “The resolution passed by Manchester’s planning committee to grant consent for a major housing development is a game changer for this brownfield land, bringing a vital urban site back to life.
“The development of 500 much-needed new homes will be of huge benefit to the local community, as well as being a superb opportunity for the right developer. This kind of development opportunity does not come along very often and, needless to say, we are already seeing substantial interest in Ten Acres Lane.”
The development will include new vehicle and pedestrian access from the surrounding roads as well as public space landscaping for the 9 acres of open space included in the plans.
“The resolution passed by Manchester’s planning committee to grant consent for a major housing development is a game changer for this brownfield land, bringing a vital urban site back to life.''
John joined Eddisons in 1980 and as Head of Function for Agency, he manages business activities throughout the North of England. He is actively involved in the regional markets with owner-occupiers and property companies and developers. His development of close links to local communities over a sustained period has provided and maintained a constant source of instructions from professionals and business alike.
Significant project experience over three decades of service includes sales of 400,000 sq ft of industrial units on the Euroway Estate in Bradford to a number of logistics and manufacturing firms in a £13.5m deal. Further sales highlights include a 250,000 sq ft mill complex on behalf of receivers, and co-ordination for a recent project involving £10m of student block investment disposals.
John’s approachable and willing nature also ensures highly efficient client liaison and he acts on behalf of some of Eddisons’ major clients, including PPG Ltd, ISG plc, major banks and IPs to name just a few.
A passionate life-long supporter of his beloved Bradford City Football Club, John is happy to provide the benefit of his extensive knowledge, experience and contacts when discussing all things Valley Parade.