Derelict mill earmarked for £11m scheme
PROPERTY firm Grasscroft has bought Durban Mill in Oldham with plans to develop an £11m residential scheme.
Formerly occupied by Findel, the derelict Durban Mill was acquired from London & Scottish Investments on an unconditional basis.
Set behind state-of-the-art independent secondary school Oasis Academy in Hollinwood, Grasscroft Property plans to develop up to 80 two, three and four bedroom homes over the 4.6 acre plot.
Demolition is planned for early September when the land will be remediated ready for construction. Plans for the site are currently being developed with planning permission to be applied for in early 2016.
Michael Coulter, director at Grasscroft Property, said: “We spotted a great opportunity with Durban Mill and are looking forward to developing what has become a bit of an eyesore into much-needed quality family homes for Oldham.
“We have a great portfolio of residential and commercial developments in the local and wider area and expect to have spades in the ground by next summer.”
Along with its plans for Durban Mill, Grasscroft Property is currently underway with residential and commercial developments at Foxdenton, Chadderton, with infrastructure works due to start in the next six months.
The £100m redeveloped site will deliver 500 new homes, a community park and 700,000sq ft. of commercial property space.
The business also recently secured planning for up to 59 homes at Haven lane, Moorside, Oldham. This five acre site has recently been sold to Redrow Homes, which has started on site with a high quality residential development.
