Carter Jonas, acting on behalf of Severn Trent Water plc, has sold a development site located on the A50 at Meir, Stoke-on-Trent.
Following a competitive tender process, the land was sold to Potteries Heavy Haulage, a Stoke-on-Trent based family-owned business with over 25 years' experience moving abnormal and out of gauge loads throughout the UK and Europe.
The 4.35 acre site, a former borehole site and depot, will be used as a haulage depot. The conditional sale was completed following the granting of a planning consent in March, which allowed change of use to Storage and Distribution (Use Class B8) and also provided for a new building for vehicle maintenance, storage and improved driver facilities. The acquisition of this land by Potteries Heavy Haulage will allow this growing family-owned local business to expand their operations which cover the UK and Europe.
Caroline Penn-Smith, Partner in Carter Jonas’ Birmingham office, commented: “We received some very competitive offers for this parcel of land and are delighted to have completed the sale for our client. The reuse of this surplus Severn Trent Water site will support a growing local business and increase employment opportunities in Staffordshire.”
Stewart Kellie Property Development Manager at Severn Trent, said: “We are always pleased when redundant brownfield sites such as this can be repurposed to bring employment opportunities to the area and support economic growth.”
Michael Edwards, Business Development Manager of Potteries Heavy Haulage commented: “We’re delighted to acquire the site from Severn Trent Water. I’m thankful for the support given to our team from Severn Trent Water and Carter Jonas in obtaining planning permission for the site. Once the land is developed it will enable us to reduce operational inefficiencies and grow. We’re looking forward to increasing our maintenance and storage offering to new and existing customers. We have looked at different options to relocate the business over the past few years due to lack of space and this site was an excellent opportunity due its size, locality, and access to the Strategic Road Network. There are many owner occupiers in Stoke-On-Trent and the wider area that are unable to grow due to lack of availability, so its fantastic to have this opportunity.”