An 18 acre North Yorkshire development opportunity site with planning in place for a major mixed-use regeneration scheme has been launched to market by the Residential Development team at CBRE Leeds acting jointly with Gent Visick.
The site is located on Station Road in Pannal, fronting the A61 and opposite Pannal railway station. Formerly the Dunlopillo Latex Foam Factory, the site is currently used as a multi-tenanted industrial facility and full vacant possession is to be gained in September 2016. The 18 acre parcel includes an additional area of pasture land fronting onto the A61 where a new dedicated access will be built directly into the site.
Outline planning permission has been granted to demolish the existing buildings and transform the site with new homes and employment space via B1 office use and A1 retail units. This is in addition to a new care home element which has already been sold to award-winning Vida Healthcare who will start on site in 2016 building a state-of-the-art care facility.
Pannal is a popular rural village within the prime commuter belt to the south of Harrogate, just 9 miles from Wetherby and 13 miles north of Leeds. The A61 runs through the village, providing good quality commuting and transport links. The village mainly comprises residential units, with the immediate surrounding area being mixed use, comprising light industrial, retail, vehicle showroom and residential. Pannal Golf Club lies opposite the site.
Mike Gorman, director at CBRE Leeds, said: “The Pannal site represents a significant opportunity for developers looking to take on a large-scale scheme within the North Yorkshire region. The project will transform the area and offers opportunities for future employment and residency, both of major benefit to the surrounding community. We anticipate a high level of interest in this unique development opportunity as sites of this nature and magnitude in locations such as this are a rare find.”
CBRE and Gent Visick are seeking offers on a subject to planning basis by 22nd January 2016.