Prime site for 500 homes up for grabs
A RESIDENTIAL development site in north west Manchester has been put up for sale by joint adminstrators of Ten Acre.
The prime 47-acre brownfield site on Ten Acres Lane in Newton Heath has been brought to the market by Brian Green and Richard Fleming of KPMG via property consultant Eddisons.
It comes with a Manchester City Council resolution to grant planning permission for up to 500 houses over 36 acres. The site also has consent for 37,700sq ft of employment space and includes 9 acres of open space.
Close to the Etihad Stadium, SportCity 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, 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.
