Oldham-based developer, Grasscroft Property, has bought the town’s Durban Mill from London & Scottish Investments with a view to demolishing it to make way for £11m of new housing.
The property was purchased on an unconditional basis, without planning consent. The site was formerly occupied by general merchandise supplier, Findel.
The 4.6-acre plot is behind the Oasis Academy in Hollinwood. Grasscroft Property plans to develop up to 80 two, three and four-bedroom homes.
Michael Coulter, director of 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.
The demolition of Durban Mill is planned for early September 2015 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.