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Land off Furnace Street, Hyde

SOLD - Furnace Street, Hyde

An 8 acre Brownfield site, formerly used by BP Castrol for the processing and storage of oils. Northern Trust acquired the site from BP in March 2010 and subsequently gained successful planning for 100 houses.

SITE SOLD

LOCATION

The site is located on Furnace Street in Hyde. Hyde is a town in the Metropolitan Borough of Tameside, Greater Manchester. Hyde is located 5 miles northeast of Stockport, 6.3 miles west of Glossop and 7 miles east of Manchester. The town is served by the M67 motorway, a feeder to the M60 orbital motorway for Manchester which provides transport links to many other motorways that serve across the country. 

DESCRIPTION

The 8 acre site was a former BP Castrol oil processing and storage facility. The site ceased operation in 2007 and formally closed in 2009. Northern Trust subsequently acquired the site from BP in 2010. The site was heavily contaminated due to its historic use, and in excess of £1m was spent on the remediation works.

A planning application was submitted in May 2011 for the redevelopment of the site, with the outline plans including the provision for up to 100 houses including a mix of house types aimed at supporting the delivery of high quality housing at an affordable level within the Hyde area.

Planning permission was granted in February 2012 and remediation of the site commenced in May 2012. 

CURRENT STATUS

Remediation of the site was completed in March 2013, and following a marketing campaign by Savills the site was sold to Morris Homes in August 2013.

 

Location - Land off Furnace Street, Hyde

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