Former army reserve centre snapped up for potential residential development
Commercial property agents John Truslove have sold a former army reserve centre in Waterloo Road, Hanley, Stoke-on-Trent.
The long-established Redditch firm is retained by the West Midlands Reserve Forces & Cadets Association (WMRFCA) to advise on the organisation’s property assets.
The 2.15 acres site was sold on behalf of WMRFCA to Fenton Park Developments for £580,000.
The Hanley site is one of three that John Truslove has currently been marketing, with a site in New Broad Street in Old Town, Stratford-upon-Avon, sold subject to planning, and a further site in Leamington Spa also under offer.
Ben Truslove, joint managing director of John Truslove, said: “The Waterloo Road property comprises a former army reserve centre which had become surplus to requirements, having relocated to a smaller, newly-built facility to the south west of the site.
“The site is in a location that is deemed to be suitable for conversion or residential development and we understand that it is the intention of the purchaser to clear the site and seek planning permission.”
The property is in a level corner position, with further access from Stonor Street, and is on a main bus route in a mixed residential and commercial area.
Fenton Park Developments were advised by Butters John Bee.
Ben Truslove added: “Sites with development potential are much in demand and we are experiencing particularly strong interest in sites of this size.”
HCB Solicitors in Solihull acted for WMRFCA and the purchaser was advised by RJS Solicitors in Stoke-on-Trent.
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For more information, contact:
John Truslove, Daralbee House, Archer Road, Redditch, B98 8DJ
Prepared and issued by Andy Skinner of ASAP PR – 01608 651203, mobile 07990 978257.