A development of eight new industrial units which could be worth £20million has been given the green light by planning chiefs.
Oldham council has approved proposals to construct 110,000 sq ft of ‘Grade A’ urban logistics and industrial space in Chadderton.
The site, which is to be called ‘Broadway Central’ will be made up of eight units across across two terraces on a plot off Lydia Becker Way.
It forms part of the strategic development of the Foxdenton areas of Chadderton by FO Developments, a consortium comprising Oldham Council, Grasscroft Property and Seddon Developments.
The consortium was behind the wider Broadway Green development, and the new spine road connecting the A663 Broadway and B6189 Foxdenton Lane.
The current aim is to develop up to 700,000 sq ft of employment space, along with 500 new homes and 25 acres of public open space in a linear park.
Developer Chancerygate bought the 6.58-acre Broadway Central site last July for £3.8m from FO Developments.
The company says that construction is scheduled to begin in May with practical completion expected ‘early next year’.
The units will be available freehold or leasehold, and the scheme will have a gross development value of around £20m, according to Chancerygate.
The units range in size from 7,600 sq ft to 18,200 sq ft, with one stand-alone unit measuring 27,000 sq ft.
Chancerygate development manager, Andy Farrer said: “We’re very pleased to have obtained planning to deliver Broadway Central just nine months after our acquisition.
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“This is a testament to the hard work of our team and the positive and pragmatic attitude of Oldham council.
“Broadway Central is in an excellent location where there is very little supply of new, high-specification industrial units.
“Therefore, this development is best placed to help satisfy the strong demand for Grade A urban logistics and industrial space that there is for businesses operating both locally and throughout the North West region.”
Under the terms of the planning permission, development must begin within three years.
And prior to the commencement of development, a scheme for protecting the nearby properties from noise and vibration from construction works needs to be submitted to and approved in writing by the local planning authority.
