Thomas Lister acting on behalf of the HCA negotiated a sale to Tungsten Properties Ltd who have subsequently obtained planning permission for the development of 66,700 sq.ft of small scale industrial, warehouse, trade counter units as well as ancillary uses to include A1 shops and A3 restaurant/cafés. The scheme has attracted substantial interest and several units are already under offer.
Simon Herring, Area Manager for the HCA commented that ‘the site suffered from issues of topography and land stability and required a dynamic approach to understanding site constraints to arrive at a development solution which would prove attractive to the developer market. Thomas Lister provided a range of development consultancy and agency advice to the HCA leading to the successful sale of a long standing surplus asset which has historically failed to attract developer interest’.
It is anticipated that the first units will be completed in Q3 2016 by Tungsten Properties Ltd.