11th January 2017

Former industrial site sold for housing scheme

Former industrial site sold for housing scheme

TheBusinessDesk.com - Rachel Covill, Business Correspondent

A FORMER industrial site in South Yorkshire has been sold for residential development.

Industrial property owners In-site Property Solutions has sold the three-acre site in Finningley near Doncaster, to Bellway Homes.

The move follows In-site’s successful outline planning application to Doncaster Council for 44 houses, 10% of which will be affordable.

 Alex Boyle, managing director of In-site said: “We are delighted to have been granted residential planning permission for the site. The funds secured will be added to our existing capital which is allocated to acquire further industrial sites and properties with value added or high income potential.”

Langleys Solicitors acted on behalf of In-site on the sale of the land.

Tim Cross, head of commercial property at Langleys, said: “This is a great result for In-site who were confident in the site’s potential for residential development having initially bought the land unconditionally.”