Property developers Bellway & Countryside have submitted initial proposals to build 690 homes on the 66-acre/27-hectare site of a former colliery which was later developed into 'Brackley' Golf Course before being closed in 2016.
Salford City Council who own a 47% freehold joint share of the land worth almost £40m are set to receive a bumper capital funding pay day of up to £18.5m if the permission is granted and the sale goes through. The remaining 53% of the money from the sale will go to leaseholder MHE investments who own the majority share.
The council could also stand to make approximately £1.1m per year from Council Tax levied upon the properties.
Last year the council successfully removed a Squatter from a building on Bulloughs Farm which is within the site, in order for the deal to progress forward.
It is reported that 'Affordable' housing has not been factored into the plans but developers are to discuss this will the council once the sale has seen completion, with the council given the option of purchasing some of the properties as affordable homes, although the council would be responsible for the Burdon of costs in doing so.
As part of the proposals the development will comprise of:
36 flats
76 two-bed semi-detached houses
250 three-bed semi-detached houses
217 three-bed detached houses
111 four-bed detached homes.
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