Plans to create a new 75-acre commercial and residential scheme in Southam, Warwickshire are being finalised by leading property development and investment company, AC Lloyd Commercial.
Based in Warwick, AC Lloyd Commercial is working alongside Savills Cheltenham who represent the current landowners, to create a mixed-use site suitable for commercial and residential development.
Graham Jones, an Associate Director in Savills development team in Cheltenham, said: “Our multi-disciplined team advised the landowners on a number of matters, including identifying the site’s potential for mixed-use development, before bringing it to market. This approach allowed us to secure the most appropriate partner to take the opportunity forward.”
If approved, the site will include 20 acres of commercial land and can accommodate up to 300,000 sq ft of floor space, as well as mid-sized premises up to 50,000 sq ft and possibly a business park.
An estimated 70 to 100 homes could also be built, with plans for a mix of two, three and four-bedroom family homes.
Plans are currently being drawn up, and the proposals are expected to be submitted to Stratford District Council in spring 2020.
Mark Edwards, Managing Director of the Warick-based AC Lloyd Commercial, said: “While some residential development is already taking place, this is the only development site of significance available for commercial use in Southam.
“There is a recognised shortage of employment land within the Stratford Local Plan and, we believe, demand from employers for a greater choice of quality units in the area.
“Southam is well-positioned for its transport links, and we are confident the commercial units and homes will attract plenty of interest. We are seeking to finalise our plans and put forward our representations to Stratford District Council early next year.”
Featured Image: Mark Edwards of AC Lloyd Commercial