Prime Residential Development Opportunity For Sale In Warrington
The site is anticipated to be highly attractive for residential development and is situated in the suburb of Padgate, north-east of Warrington, in an area that continues to grow in popularity. Padgate is an established residential location with excellent transport connections, including the nearby Padgate train station which connects the area to Liverpool and Manchester. The site is within close proximity to Junction 21 of the M6 motorway, and links to the national motorway network. Junction 9 of the M62 motorway is also within a short distance, and Warrington town centre is 3.7 miles away, under 10 minutes by car.
Warrington is experiencing ongoing public and private sector investment to enhance the town’s profile, including the recent successful bids for £22million in government funding to deliver seven projects as part of Warrington’s Town Deal programme.
In January 2021 the University announced its plans to relocate teaching to buildings based in the centre of Warrington and to cease operations at the site. The marketing for the site begins this week, with the vendor seeking offers for the site by the end of May 2022.
The site provides an opportunity to deliver a high quality new residential community of scale in a sought after location in Warrington where only a small number of new build schemes have been brought forward in recent years. The University will expect the appointed developer to deliver a scheme which meets high standards of design and environmental sustainability, and to ensure a positive long-term legacy.
Hannah Gradwell, Associate at Cushman & Wakefield, said: “We are delighted to bring the Padgate Campus site to market on behalf of the University of Chester, and anticipate strong interest in this substantial and extremely well-located development site. It offers fantastic potential to deliver a high-quality development which will make a key contribution towards meeting local housing need but also deliver a lasting legacy through enhanced placemaking, design and sustainability credentials.”
Availability of Grade A space demanded by occupiers remains low and below 2% of total office stock in many key markets.
Real estate services firm Cushman & Wakefield has advised GSK plc on the sale of the surplus development land that sits alongside its 1 million sq ft Research & Development (R&D) facility in Stevenage to UBS Asset Management and Reef Group.