Compstall Park Estate, Andrew Street, Compstall, Stockport, SK6 5HN

Prime Waterside Residential Development Opportunity (STP) – Approximately 3.7 Acres / 1.5 HA – Allocated For Residential Development

The site extends to approximately 1.5 ha. (3.7 acres). It is bounded by the 240 acre Etherow Country Park to the east, the River Etherow to the south, adjacent to George Street to the north and Andrew Street to the west.

Immediately opposite the site, a new residential development is nearing completion on Andrew Street.

The site is brownfield and contains an L-shaped group of mill buildings dating from the early 1820s and 2 associated car parking and hard standing areas.

Planning History

The site has previously received planning consent DC/042235 for a mixed-use scheme in May 2013. Consent was granted for the following:

Partial demolition, refurbishment and redevelopment of the Compstall Mills Estate to provide a mixed use development comprising of 121 residential units, commercial units, a replacement boat house and a hydro-electric power generator, together with associated vehicular and pedestrian access, car parking and landscaping works.

The applicant, Ask Property Developments Limited, never implemented the permission. This scheme sought to retain and convert Victoria Mill and to retain and extend Albert Mill. Various other buildings across the site were also to be retained such as the Gatehouse.

The Ask Scheme briefly comprised:-

Total new build 93,981 sq ft

Total refurbishment 66,696 sq ft

= Total 160,677 sq ft

Other café/bar 569 sqft

Total 161,246 sqft

The whole of the site is brownfield land in the Green Belt. Whilst the emerging draft Local Plan allocates the site for housing, the site will remain in the Green Belt. Given the significant overall volume of existing buildings on the site, it is likely that the scale and spatial development of new built form on the site will be deemed to be “not inappropriate development” in the Green Belt. The emerging draft Local Plan allocates the site for housing with a minimum of 128 units under Policy HOM 2, (further information in legal pack).

The site is within a Conservation Area. Whilst the buildings on site are not listed, they are deemed by the Council as important features in the Conservation Area and are locally listed. The Council will support a scheme which retains one or both large mills (Victoria and Albert Mills) with new development on the remainder of the site.

The Sellers Planning Consultant has commented as follows…

“We would consider that in light of the historical planning position, the site’s allocation for a minimum of 128 residential units in the emerging Local Plan and the pressing need for housing in the Stockport borough, that residential planning permission is likely to be forthcoming at Compstall Mill for a comprehensive residential redevelopment. The level of any affordable housing is likely to be reduced by the vacant building credit.

TOGC (Transfer of Going Concern)

The sale is intended to be transacted as a TOGC.

Further information is available in the legal pack.

Tenure:  Freehold

Title number: GM775703

Local Authority: Stockport

Finance is available on this lot. For a decision-in-principle visit togethermoney.com/amydip