Leeds-based property development and investment company, Eshton, has sold a 1.5 acre development in Nelson, East Lancashire, for an undisclosed sum.
Dubbed ‘Pendle Court’ the scheme is one element of a mixed-use development at Junction 13 of the M65, which also comprises an operational Petrol Filling Station (PFS). A 3.4 acre plot at the rear of the land, has been retained by Eshton for development.
The purchaser, Pendle Projects Limited, is to develop three or four industrial/warehousing units and construction of the buildings is expected to start in January 2017.
Jonathan Chapman, director at Eshton, said: “Having achieved so much with our nearby development at Burnley Bridge Business Park, we knew there was an appetite for industrial accommodation in East Lancashire.
“When we bought the site, as an investment, in 2003 we knew it had development potential and we’re sure that Pendle Projects Ltd will work hard to deliver a successful scheme.”
With appointment of the main contractor expected before Christmas, building work should be complete by October 2017.
Mark Taylforth, owner of Pendle Projects Ltd, said: “We’ve had our eye on this land for some time, but since outline planning was granted in June 2015, the site was even more attractive.
“East Lancashire’s industrial market is historically strong and there’s a lot of demand out there, so much so we have already agreed terms with a local manufacturer for a 10,000 sq ft unit.
“Pendle Court is literally seconds off the M65 and provides access to Lancashire and beyond via a number of motorways, so we’re looking forward to bringing these buildings to the market and delivering a new scheme for the county.”