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Historic Fazeley Mill Set For New Lease Of Life
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A site in Fazeley, Tamworth, which is home to a historic mill, has been snapped up for redevelopment by Birmingham property developer Ashfield Land.
Tolson’s Mill – is the centrepiece of the 2.5 acre site, which is bordered by the A5 and the Birmingham and Fazeley canal.
The five-storey mill was built around 1880, and is Grade II listed and therefore subject to tight planning restrictions. Until recently it was owned and operated by the Tolson family, who used it to produce the traditional tape used to bind legal documents.
The mill is still used for this purpose today. The remainder of the site – formerly owned by William Tolson Holdings – is made up of offices, workshops and stores, and in total there are more than 20 occupiers in situ.
Ashfield Land won the race to buy the site after successfully lodging an undisclosed cash bid and completing the deal in just ten days.
Nick Jones, a director of the company, said: “There were a lot of parties interested in this very attractive site, but as an aggressive cash purchaser we were able to beat off other bids.
“We have earmarked the site for future redevelopment, and this is likely to be a mixture of residential and commercial uses.
“We will now be opening discussions with the local planning authority about the site, which is in an important conservation area. Our proposals will undoubtedly give the mill a new lease of life.
“Furthermore, the speed of the transaction has once again demonstrated our ability to acquire property unconditionally, on the right terms, in a very short timescale.” |
Added 29 Nov 2006 by Barques
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