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Stourbridge waterfront site could fetch £2.5m
12:00pm Tuesday 8th October 2013 in News
A HOST of developers have shown interest in snapping up a sprawling canalside industrial site close to Stourbridge ring road with the land expected to fetch around £2.5 million.
Titan Works, a 3.24-acre site on Old Wharf Road, once the headquarters of well-known engineering company, Jones & Attwood, is up for sale.
According to agent Halls Wilkins a series of developers have contacted it with a view to transforming the waterfront site into a mix of housing and commercial use.
Halls Wilkins Commercial partner Rob Champion said: “We have had a good level of interest which is what we expected as it’s an exciting opportunity.”
Mr Champion said buildings on the site, which are mainly “dilapidated” and “not fit for purpose in today’s world,” would most likely be demolished as part of any scheme.
He said the family which owned Jones & Attwood still runs a small scale engineering operation at the site, and would relocate to other premises once a sale went through.
Mr Champion said: “The site lies within an area identified for potential housing development and would benefit from regeneration.
“Working with the Black Country Joint Core Strategy and the Stourbridge Area Action Plan, potential developers will need to consider how they can improve the land fronting the canal but will have the opportunity to enhance the prospects of a declining area and deliver exciting development on a brownfield site.”
The site being sold off comprises two parcels of land.
To the north of Old Wharf Road, there is a collection of industrial and manufacturing buildings with associated offices.
To the south, there is open land and a disused weighbridge fronting Stourbridge Canal.
A further 1.35 acres comprising a single-storey 11,423 sq ft industrial workshop is also available.
It is hoped a sale will be agreed before Christmas subject to planning with work not expected to start within the next year.
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