Towngate widens property portfolio with first residential siteComments Off on Towngate widens property portfolio with first residential site
With over 50 years of commercial property experience, Brighouse-based Towngate PLC has successfully secured its first residential purchase.
Situated on Mill Dam Lane in central Pontefract, the 6.4 acre site is ideally positioned for local and national transport links and schools, presenting the opportunity for a well-connected new housing development.
Demolition on the site is now complete, with a further phase of remediation under way in order to create the development platform. The land will be ready for purchase in November 2018.
With the advice and expertise of the firm’s agent, Harvey Burns & Co, Towngate has managed to apply and be awarded vacant building credits. This has resulted in planning permission from Wakefield Council for up to 80 dwellings with no affordable housing on the former large industrial facility.
Tom Lamb, Towngate’s property manager commented on the purchase: “Close to the M62 and rail network, the site is ideally located, which will be an attractive proposition for any future homeowners. We’re delighted to bring this development opportunity to the market – the versatile land has a lot of potential and will be a great project for one of the region’s house building experts.
“Our strong commercial experience has certainly aided our involvement in this project and we’re pleased that we have been able to diversify in this way, thus adding to our talents and expertise in the Yorkshire region”.
Lyndsay Burns of Harvey Burns & Co added: “It has been a pleasure to be involved in this project, especially as the space enjoys the benefit of such a lovely environment, taking in views of Pontefract Castle, and just a short walk from the town centre. There are excellent communications on the doorstep and Monk Hill Station has direct routes to Leeds and York. There is a brochure and data room which can be viewed for additional information.
“We will shortly be seeking offers to purchase and expect a great deal of interest.”
Property developers should contact Harvey Burns & Co selling agent Lyndsay Burns for further information on 0113 243 2400, or visit the Towngate PLC website.
Headquartered in Brighouse, Towngate PLC is a lettings specialist with a substantial portfolio of industrial and commercial sites in the North of England. Established in 1962, the company has a strong history of refurbishing properties to accommodate tenants across an array of industrial and commercial sectors.