Sale agreed for Terry's site in York

Sale agreed for Terry's site in York

Sale agreed for Terry's site in York

First published in News
Last updated
York Press: Photograph of the Author Exclusive by , jennifer.bell@thepress.co.uk

A BUYER has been found for the former Terry’s chocolate factory in York, meaning redevelopment of the site could finally go ahead.

An undisclosed company has successfully bid to buy the entire Chocolate Works site off Bishopthorpe Road, where a £165 million scheme including hundreds of new homes, hotels, shops, bars and restaurant are planned.

The site was put up for sale last year after plans for its transformation by York-based developer Grantside stalled.

Matthew Jones, of York property firm Savills, which is handling the sale, said a price had been agreed between the bidder and the site’s owners, it was under offer and solicitors had been instructed.

He said the buyer – who could not be named yet for legal reasons - was one of more than ten businesses on a “local, regional and national scale" that had come forward to express an interest in the site.

“We received several bids for The Chocolate Works and these have now been reviewed by the seller and the site placed under offer,” he said.

“The purchaser has agreed to buy the site unconditionally.

“This proves that for the right asset in the right location there is still a strong appetite for investment, especially in a city like York where the residential and leisure markets have held up well in the past few years.”

He was unable to reveal the price offered for the site, saying: “Because it is such a large site with mixed uses there was not a guide price; offers were invited by private treaty via informal tender”.

The site, where products such as the world-famous Chocolate Orange were produced, closed in September 2005.

Grantside bought it for £26 million the following year after its then agents put it up for informal tender.

The development was finally granted planning permission two-and-a-half years ago, 18 months after the council had controversially rejected the company's original proposals.

The plan was to create 2,700 new jobs and hundreds of new homes as well as injecting fresh business to the area, by building two prestigious hotels, shops, bars and restaurants.

City of York Council leader James Alexander said today that the site was an important part of the city’s plans for development in coming years, and he was pleased it would be moving forward under new owners.

“Planning permission is agreed and the council is, as with any stalled site, ready to help facilitate its redevelopment at the earliest opportunity,” he said.

“Once underway, it will further enhance the city’s reputation as being open for business.”

Comments (32)

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4:33pm Mon 21 Jan 13

meme says...

Good now lets see the planning battle start again especially over the affordable housing percentage
its no wonder that devlopers cannot put in affordable when the likes of JRHT get a million a year subsidy to make it work at Derwenthorpe!
Good now lets see the planning battle start again especially over the affordable housing percentage its no wonder that devlopers cannot put in affordable when the likes of JRHT get a million a year subsidy to make it work at Derwenthorpe! meme
  • Score: 0

4:55pm Mon 21 Jan 13

capt spaulding says...

There are 50000 Romanians and Bulgarians gathering for an invasion so get on with it or they will be camping on the knavesmire.
There are 50000 Romanians and Bulgarians gathering for an invasion so get on with it or they will be camping on the knavesmire. capt spaulding
  • Score: 0

5:34pm Mon 21 Jan 13

bolero says...

capt spaulding wrote:
There are 50000 Romanians and Bulgarians gathering for an invasion so get on with it or they will be camping on the knavesmire.
No. they'll be buying property with their benefits.
[quote][p][bold]capt spaulding[/bold] wrote: There are 50000 Romanians and Bulgarians gathering for an invasion so get on with it or they will be camping on the knavesmire.[/p][/quote]No. they'll be buying property with their benefits. bolero
  • Score: 0

5:42pm Mon 21 Jan 13

TerryYork says...

Another win for James Alexander. Well done fella.
Another win for James Alexander. Well done fella. TerryYork
  • Score: 0

7:03pm Mon 21 Jan 13

NoNewsIsGoodNews says...

I saw somebody lurking outside Terry's today, with what looked like a jar of newts and a bag of bats.
I saw somebody lurking outside Terry's today, with what looked like a jar of newts and a bag of bats. NoNewsIsGoodNews
  • Score: 0

7:13pm Mon 21 Jan 13

bob the builder says...

If Grantside paid over the odds at £26m for it, and I reckon it went for £13m this time, presumably they will go into administration owing the taxpayer bailed out and owned banks a lot of money?
If Grantside paid over the odds at £26m for it, and I reckon it went for £13m this time, presumably they will go into administration owing the taxpayer bailed out and owned banks a lot of money? bob the builder
  • Score: 0

7:24pm Mon 21 Jan 13

bill bailey says...

Gallaway will be puttingf his twopennyworrth in ,it was becouse of his and his followers that prevented the present owners from developing the site
when Granside bought the site the council was doing cartwheels and said they would give the company every assistance to provide jobs for York. as it happend they put every obsticle in their way,now lets get this show on the road.
Gallaway will be puttingf his twopennyworrth in ,it was becouse of his and his followers that prevented the present owners from developing the site when Granside bought the site the council was doing cartwheels and said they would give the company every assistance to provide jobs for York. as it happend they put every obsticle in their way,now lets get this show on the road. bill bailey
  • Score: 0

7:31pm Mon 21 Jan 13

bill bailey says...

NoNewsIsGoodNews wrote:
I saw somebody lurking outside Terry's today, with what looked like a jar of newts and a bag of bats.
Yes so did i, looked like Gallaway ,but i was told he was getting the lights altered again he had to pick his wife up.
[quote][p][bold]NoNewsIsGoodNews[/bold] wrote: I saw somebody lurking outside Terry's today, with what looked like a jar of newts and a bag of bats.[/p][/quote]Yes so did i, looked like Gallaway ,but i was told he was getting the lights altered again he had to pick his wife up. bill bailey
  • Score: 0

7:35pm Mon 21 Jan 13

again says...

Yo!

Hope it works out as it is becoming a real eyesore.

Guess the vandals smashed the clock face.
Yo! Hope it works out as it is becoming a real eyesore. Guess the vandals smashed the clock face. again
  • Score: 0

8:08pm Mon 21 Jan 13

Minstermummy says...

Bout time this site was developed and the main building n old offices turned into a beautiful top hotel and leisure complex like it could be
.. Although I wouldn't stay on the top floor as its haunted - used to give me the creeps working up there !

The whole saga since it shut has been a disgrace - I hope the council don't make the same mistake and block every planning request this time
Bout time this site was developed and the main building n old offices turned into a beautiful top hotel and leisure complex like it could be .. Although I wouldn't stay on the top floor as its haunted - used to give me the creeps working up there ! The whole saga since it shut has been a disgrace - I hope the council don't make the same mistake and block every planning request this time Minstermummy
  • Score: 0

8:23pm Mon 21 Jan 13

3dalton says...

I have been following this for a while now and there is always some kind of problem like the last article about the fire, lets hope this happens as i am a local resident and would like to use the shops and see it do well.
I have been following this for a while now and there is always some kind of problem like the last article about the fire, lets hope this happens as i am a local resident and would like to use the shops and see it do well. 3dalton
  • Score: 0

9:22pm Mon 21 Jan 13

Garrowby Turnoff says...

It could only happen in 'Broken Britain' that Goddards, the home of Noel Terry the factory owner, has been refurbished by us lot (ie National Trust) on Taddy Rd. Whilst just across the Knavesmire the place that built his fortune is falling into ruin. Are we really pulling down our workers factories, whilst adorning the houses of the rich?
It could only happen in 'Broken Britain' that Goddards, the home of Noel Terry the factory owner, has been refurbished by us lot (ie National Trust) on Taddy Rd. Whilst just across the Knavesmire the place that built his fortune is falling into ruin. Are we really pulling down our workers factories, whilst adorning the houses of the rich? Garrowby Turnoff
  • Score: 0

10:44pm Mon 21 Jan 13

Paul Meoff says...

Garrowby Turnoff wrote:
It could only happen in 'Broken Britain' that Goddards, the home of Noel Terry the factory owner, has been refurbished by us lot (ie National Trust) on Taddy Rd. Whilst just across the Knavesmire the place that built his fortune is falling into ruin. Are we really pulling down our workers factories, whilst adorning the houses of the rich?
Who is 'us lot' in the context of the National Trust?

And what do you suggest they do with the factory? Nationalise it and return to chocolate production?
[quote][p][bold]Garrowby Turnoff[/bold] wrote: It could only happen in 'Broken Britain' that Goddards, the home of Noel Terry the factory owner, has been refurbished by us lot (ie National Trust) on Taddy Rd. Whilst just across the Knavesmire the place that built his fortune is falling into ruin. Are we really pulling down our workers factories, whilst adorning the houses of the rich?[/p][/quote]Who is 'us lot' in the context of the National Trust? And what do you suggest they do with the factory? Nationalise it and return to chocolate production? Paul Meoff
  • Score: 0

11:19pm Mon 21 Jan 13

Garrowby Turnoff says...

Paul Meoff wrote:
Garrowby Turnoff wrote:
It could only happen in 'Broken Britain' that Goddards, the home of Noel Terry the factory owner, has been refurbished by us lot (ie National Trust) on Taddy Rd. Whilst just across the Knavesmire the place that built his fortune is falling into ruin. Are we really pulling down our workers factories, whilst adorning the houses of the rich?
Who is 'us lot' in the context of the National Trust?

And what do you suggest they do with the factory? Nationalise it and return to chocolate production?
"Us lot" is the membership of nearly 4 million of us who support its existence by subscription.

A return to some sort of manufacturing (with jobs) is a step back too far. Oh that the economic climate required it, but alas, not yet.

Don't you see the irony?
[quote][p][bold]Paul Meoff[/bold] wrote: [quote][p][bold]Garrowby Turnoff[/bold] wrote: It could only happen in 'Broken Britain' that Goddards, the home of Noel Terry the factory owner, has been refurbished by us lot (ie National Trust) on Taddy Rd. Whilst just across the Knavesmire the place that built his fortune is falling into ruin. Are we really pulling down our workers factories, whilst adorning the houses of the rich?[/p][/quote]Who is 'us lot' in the context of the National Trust? And what do you suggest they do with the factory? Nationalise it and return to chocolate production?[/p][/quote]"Us lot" is the membership of nearly 4 million of us who support its existence by subscription. A return to some sort of manufacturing (with jobs) is a step back too far. Oh that the economic climate required it, but alas, not yet. Don't you see the irony? Garrowby Turnoff
  • Score: 0

1:20am Tue 22 Jan 13

Scarlet Pimpernel says...

TerryYork wrote:
Another win for James Alexander. Well done fella.
What has HE won, exactly ?

Let's see how the Council 'facilitate' the redevelopment of the site, and how quickly building work starts.

I suspect the buyer will renegotiate the S106 requirements, then look for buyers and tenants for parts of the site, offloading some or all of it for a land trading profit. I don't expect any work to start for quite a while yet, but, would love to be proved wrong by the prophet Alexander.........
[quote][p][bold]TerryYork[/bold] wrote: Another win for James Alexander. Well done fella.[/p][/quote]What has HE won, exactly ? Let's see how the Council 'facilitate' the redevelopment of the site, and how quickly building work starts. I suspect the buyer will renegotiate the S106 requirements, then look for buyers and tenants for parts of the site, offloading some or all of it for a land trading profit. I don't expect any work to start for quite a while yet, but, would love to be proved wrong by the prophet Alexander......... Scarlet Pimpernel
  • Score: 0

7:19am Tue 22 Jan 13

pedalling paul says...

bill bailey wrote:
Gallaway will be puttingf his twopennyworrth in ,it was becouse of his and his followers that prevented the present owners from developing the site
when Granside bought the site the council was doing cartwheels and said they would give the company every assistance to provide jobs for York. as it happend they put every obsticle in their way,now lets get this show on the road.
Hands up anyone who knows what an obsticle is........
[quote][p][bold]bill bailey[/bold] wrote: Gallaway will be puttingf his twopennyworrth in ,it was becouse of his and his followers that prevented the present owners from developing the site when Granside bought the site the council was doing cartwheels and said they would give the company every assistance to provide jobs for York. as it happend they put every obsticle in their way,now lets get this show on the road.[/p][/quote]Hands up anyone who knows what an obsticle is........ pedalling paul
  • Score: 0

8:05am Tue 22 Jan 13

ebore says...

It's like you but the first two letters have been changed.
It's like you but the first two letters have been changed. ebore
  • Score: 0

8:08am Tue 22 Jan 13

notmyrealname says...

We don't need "fresh business" injecting into the area thanks - Bishy Road has a perfectly adequate selection of small businesses who don't need any competition from big shopping centres. Similar applies to the B and B s and restaurants in the area.
We don't need "fresh business" injecting into the area thanks - Bishy Road has a perfectly adequate selection of small businesses who don't need any competition from big shopping centres. Similar applies to the B and B s and restaurants in the area. notmyrealname
  • Score: 0

8:13am Tue 22 Jan 13

Scarlet Pimpernel says...

I notice that the following paragraph has been omitted from the piece in the Press today...

“Planning permission is agreed and the council is, as with any stalled site, ready to help facilitate its redevelopment at the earliest opportunity,” he said.


Wonder why ?
I notice that the following paragraph has been omitted from the piece in the Press today... [quote] “Planning permission is agreed and the council is, as with any stalled site, ready to help facilitate its redevelopment at the earliest opportunity,” he said. [/quote] Wonder why ? Scarlet Pimpernel
  • Score: 0

8:15am Tue 22 Jan 13

Scarlet Pimpernel says...

How many of the major stalled sites have the Council actually helped facilitate, and how ?
How many of the major stalled sites have the Council actually helped facilitate, and how ? Scarlet Pimpernel
  • Score: 0

9:19am Tue 22 Jan 13

capt spaulding says...

Im glad James Alexander has never "HELPED" me
Im glad James Alexander has never "HELPED" me capt spaulding
  • Score: 0

9:23am Tue 22 Jan 13

meme says...

The site was effectivly owned by the irish banks anyway
I understand the origianl investors lost control but probably not much money as the Irish banks financed it all!
It would be god to se it get off the ground but I wont be holding my breath as there is so much to sort out including detailed planning. I suspect if CoYC erenegotiate the residential affordable we may see homes going up but I susopect the commercial element is a dead duck for years to come..
Mainly all residential in the future I suspect with changes in planning
The site was effectivly owned by the irish banks anyway I understand the origianl investors lost control but probably not much money as the Irish banks financed it all! It would be god to se it get off the ground but I wont be holding my breath as there is so much to sort out including detailed planning. I suspect if CoYC erenegotiate the residential affordable we may see homes going up but I susopect the commercial element is a dead duck for years to come.. Mainly all residential in the future I suspect with changes in planning meme
  • Score: 0

10:20am Tue 22 Jan 13

heworth.28 says...

bolero wrote:
capt spaulding wrote:
There are 50000 Romanians and Bulgarians gathering for an invasion so get on with it or they will be camping on the knavesmire.
No. they'll be buying property with their benefits.
Rather unlikely, but carry on with your irrational rubbish whilst the real problems persist!
[quote][p][bold]bolero[/bold] wrote: [quote][p][bold]capt spaulding[/bold] wrote: There are 50000 Romanians and Bulgarians gathering for an invasion so get on with it or they will be camping on the knavesmire.[/p][/quote]No. they'll be buying property with their benefits.[/p][/quote]Rather unlikely, but carry on with your irrational rubbish whilst the real problems persist! heworth.28
  • Score: 0

12:21pm Tue 22 Jan 13

Events politics Life says...

Looking forward to seeing the plans lets get this city firing again and people into work
Looking forward to seeing the plans lets get this city firing again and people into work Events politics Life
  • Score: 0

12:40pm Tue 22 Jan 13

uhtred says...

Chocolate factory? That won't last long once the temperature rises!
Chocolate factory? That won't last long once the temperature rises! uhtred
  • Score: 0

1:10pm Tue 22 Jan 13

Scarlet Pimpernel says...

Events politics Life wrote:
Looking forward to seeing the plans lets get this city firing again and people into work
Hmmm, sounds like something James Alexander would say, or instruct someone to say ?
[quote][p][bold]Events politics Life[/bold] wrote: Looking forward to seeing the plans lets get this city firing again and people into work[/p][/quote]Hmmm, sounds like something James Alexander would say, or instruct someone to say ? Scarlet Pimpernel
  • Score: 0

4:15pm Tue 22 Jan 13

Scarlet Pimpernel says...

Scarlet Pimpernel wrote:
I notice that the following paragraph has been omitted from the piece in the Press today...
“Planning permission is agreed and the council is, as with any stalled site, ready to help facilitate its redevelopment at the earliest opportunity,” he said.
Wonder why ?
How does the Council oprpose to 'facilitate' the redevelopment of this stalled site ?

Does this just mean that they will not hinder it with greedy, unrealistic affordable housing requirements, which is the reason housing sites are stalled.

We will have to wait and see.......
[quote][p][bold]Scarlet Pimpernel[/bold] wrote: I notice that the following paragraph has been omitted from the piece in the Press today... [quote] “Planning permission is agreed and the council is, as with any stalled site, ready to help facilitate its redevelopment at the earliest opportunity,” he said. [/quote] Wonder why ?[/p][/quote]How does the Council oprpose to 'facilitate' the redevelopment of this stalled site ? Does this just mean that they will not hinder it with greedy, unrealistic affordable housing requirements, which is the reason housing sites are stalled. We will have to wait and see....... Scarlet Pimpernel
  • Score: 0

5:27pm Tue 22 Jan 13

Digeorge says...

capt spaulding wrote:
There are 50000 Romanians and Bulgarians gathering for an invasion so get on with it or they will be camping on the knavesmire.
No. they'll be buying property with their benefits.


Many a true word spoken in jest!

There will be even fewer jobs as have you noticed that the Poles are hardworking but they know every single benefit they are entitled to!

We have a large enough housing problem without the Romanians and Bulgarians (I have a very nice Uni friend who is a Romanian and she is very hardworking).
capt spaulding wrote: There are 50000 Romanians and Bulgarians gathering for an invasion so get on with it or they will be camping on the knavesmire. No. they'll be buying property with their benefits. Many a true word spoken in jest! There will be even fewer jobs as have you noticed that the Poles are hardworking but they know every single benefit they are entitled to! We have a large enough housing problem without the Romanians and Bulgarians (I have a very nice Uni friend who is a Romanian and she is very hardworking). Digeorge
  • Score: 0

5:27pm Tue 22 Jan 13

meme says...

its not 50,000 eastern europeans its 500,000 a year for next 5 years Hopefully not all in York!
its not 50,000 eastern europeans its 500,000 a year for next 5 years Hopefully not all in York! meme
  • Score: 0

9:25pm Tue 22 Jan 13

The Junkyard Angel says...

Digeorge wrote:
capt spaulding wrote: There are 50000 Romanians and Bulgarians gathering for an invasion so get on with it or they will be camping on the knavesmire. No. they'll be buying property with their benefits. Many a true word spoken in jest! There will be even fewer jobs as have you noticed that the Poles are hardworking but they know every single benefit they are entitled to! We have a large enough housing problem without the Romanians and Bulgarians (I have a very nice Uni friend who is a Romanian and she is very hardworking).
The Terry's pumps dont work cos the vandles took the handles!
[quote][p][bold]Digeorge[/bold] wrote: capt spaulding wrote: There are 50000 Romanians and Bulgarians gathering for an invasion so get on with it or they will be camping on the knavesmire. No. they'll be buying property with their benefits. Many a true word spoken in jest! There will be even fewer jobs as have you noticed that the Poles are hardworking but they know every single benefit they are entitled to! We have a large enough housing problem without the Romanians and Bulgarians (I have a very nice Uni friend who is a Romanian and she is very hardworking).[/p][/quote]The Terry's pumps dont work cos the vandles took the handles! The Junkyard Angel
  • Score: 0

11:22pm Tue 22 Jan 13

Hoofarted says...

Laveracks paranoia gets worse lol
Laveracks paranoia gets worse lol Hoofarted
  • Score: 0

3:49am Wed 23 Jan 13

Magicman! says...

This place has been empty for nearly 10 years... for goodness sake just get something built in it as it's practically worthless to the city as it is, just an empty factory.
This place has been empty for nearly 10 years... for goodness sake just get something built in it as it's practically worthless to the city as it is, just an empty factory. Magicman!
  • Score: 0

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