RAM Properties has today completed on the sale of a key development site in central Warrington for a sum in excess of £3million.
The 2.1 acre site on the A49 Winwick Road adjacent to Central Station has been sold to High Street Residential.
Developer Cording Development Group will be the ultimate owners who have planning permission to construct a £50M plus residential development and Multi Storey Car Park on the site.
The sale of the land is the final component in the scheme enabling work to commence.
The land which sits opposite Warrington’s Stadium Quarter site was acquired by RAM Properties in 2009.
High Street Residential intend to build a nine storey mixed use complex which will include circa 6,400sq ft of retail and leisure space, a 796 parking space Multi Storey Car park and 362 contemporary apartments.
RAM Properties, based in Warrington, was founded by Robert A McLaughlin in 1991 and now has an extensive portfolio of land and quality office space in Warrington, Widnes and Ellesmere Port.
Bob McLaughlin, Managing Director, RAM Properties, said: “We’ve always been at the core of Warrington’s ongoing regeneration and are proud to be facilitating in its renaissance with the sale of this site.
“Our business has been built upon seeing opportunity. We have always strongly believed and invested in the potential of Warrington Town Centre. Immediately opposite the Winwick Road site is The Boultings – a former derelict chapel that was in danger of demolition – which we saved and converted into prime office accommodation that we still own and manage. Just a little further up the road we also have Dallam Court, Ribban Court and Tannery Court. Our Portfolio of Office stock totals well over 120,000sq ft.
“The High Street Residential scheme will be another fabulous asset in Warrington town centre.”