Prince’s Gate, Mumps, Oldham, Lancashire, OL1 3TL

Category For Sale
Type Land

Description

Key Redevelopment Sites.
Strategic Gateway Position.
Offered on Behalf of Oldham Council.
Major Town Centre Regeneration in Progress.
Proposals for Mixed Retail and Office Development.
Prominent Location at Eastern Gateway.
Alongside Metrolink and Bus Interchange.
Opposite Proposed Lidl Development.
Facing Proposed 68 Bedroom Travelodge Hotel.
Sites Available from 0.11 Acres to 0.23 Acres.
For Sale.

The sites are situated on the North side of Mumps facing Oldham Mumps Metrolink and bus interchange, within the Prince’s Gates development area at the eastern gateway to the town centre. The development area includes a mixed use scheme, including a proposed new 28,000 sq ft Lidl store, 68 bedroom Travelodge hotel and 140 space car park. It is at the eastern end of Union Street and Yorkshire Street which link to Parliament Square, High Street, Gallery Oldham and Spindles Shopping Centre.

Oldham is a major regional town with a boroughwide population of around 225,000. It is located within Greater Manchester approximately 7 miles to the north east of Manchester City Centre. It is linked to the M60 and M62 motorways and metrolink LRT provides tram services through the town, connecting it with Manchester and Rochdale.

Three development sites with frontages to Mumps and prominently positioned at the eastern gateway to Oldham. Each of the sites are level, regular shaped and suitable for commercial or residential development subject to planning.
It is envisaged that the sites could be developed for 3 storey development comprising retail or offices on the ground floor with offices to the upper floor. Alternatively a larger residential scheme could be considered. They are key sites in a prime location and central to the regeneration of the Mumps area.

Site A2 0.05 Ha (0.11 acres) or thereabouts.
Site B2 0.09 Ha (0.23 acres) or thereabouts.
Site C 0.06 Ha (0.14 acres) or thereabouts.

Method of Sale
Offers are invited for a long leasehold interest, and subject to:
Satisfactory development appraisal and proof of funding.
Agreed use, layout, density, and design.
Grant of the lease will be conditional on planning permission.
A buy back option will be entered into upon completion of the lease which will enable the Council to reacquire in the event that the development works are not started and completed within pre-agreed time scales.