Rail terminal at old Honda site could be redeveloped after ?2.2 …
Land with rail sidings near the old Honda factory is being sold for £2.2 million (Image: Avison Young - Industrial)
Historic rail sidings near the old Honda manufacturing plant are being sold off for £2.2 million.
A new owner is being sought for 165,528 square feet of land at the former Honda Logistics Rail Terminal in Keypoint Logistics Park, which is priced at £13.29 per sq ft.
The South Marston site is a mixture of concrete, gravel and hardcore surfacing with a minor gradient, and a sloping landscape boundary.
The space has mainly been used for commercial vehicle parking with the nearby warehouse for several years. This can be accessed from a private service road to the south which can be expanded to improve circulation to the site.
The rail sidings, along with their signals and controls, can be removed or retained by whoever takes charge of the site in the future.
It is fully secured from the old Honda plant, with boundary fencing, gates, and a power supply.
A short length of common estate road leads to the adopted highway with access out to the A420.
The listing with its proposed seven-figure price tag has been posted on the Zoopla website by Avison Young - Industrial.
A spokesman for the business said: "The property has been used for rail logistics use and we believe alternative open storage uses would be permitted now, subject to relevant planning approvals.
"Other development options such as energy and waste use may be possible subject to planning.
"The rail facility remains connected currently to the main Swindon[1] - London network and could be fully operated by a new party, subject to the necessary consents with Network Rail.
"The current agreement with Network Rail is being renewed and a draft is available on request and includes termination rights on short notice."
Anyone interested in viewing or purchasing the plot of land can call 020 7768 2913.
The old Honda Logistics side is next to the decommissioned Honda manufacturing plant which once employed more than 3,500 staff who oversaw the production of hundreds of thousands of vehicles.
Panattoni purchased this 370-acre area not long after the factory closed in summer 2021.
Last month, Europe’s largest developer of new build industrial and logistics facilities, received planning permission[2] for an ambitious £700 million scheme to build 12 industrial or warehousing buildings on the site, which is expected to add a value of £295m per annum to the local economy and create 7,000 jobs.
References
- ^ Swindon (www.swindonadvertiser.co.uk)
- ^ received planning permission (www.swindonadvertiser.co.uk)