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For Sale Residential Development Site Approx 0.16 Acre

For sale: £400,000.00|0.16 Acres|Land, Commercial Land

PROPERTY DETAILS

FOR SALE£400,000.00
SIZE0.16 Acres
ADDRESSIsland Site, Greyfriars Road, Ipswich IP1 1UP
TYPELand, Commercial Land
TENUREFreehold, For Sale Freehold, For Sale Freehold
POSTED ON1st August 2019

DESCRIPTION

Situation and Description
This is an opportunity to acquire a site with previous planning for residential development with parking. The site is prominently located on Greyfriars Road immediately adjacent to the Cardinal Park Leisure Scheme on Grafton Way, and close to the town centre and Waterfront. Occupiers at Cardinal Park include: KFC, Cineworld, McDonalds, Unit 17 Nightclub, Ask Italian, Nandos, Starbucks, Frankie & Benny’s, Harvester, Subway, Flux Freestyle, Chimi Changa, Golden Dragon and Punch & Judy.

Accommodation (all areas are approximate only)
Site Area Approx 0.06 hectare 0.16 acre

Planning
Outline Planning Permission was granted in 2004 for the erection of a two-storey building incorporating 14 two bedroom flats with 14 car parking spaces, reference IP/04/01004/OUT. The flats range in size from 61-81 sq m (656-871 sq ft).

The above planning consent has now expired, and we understand that if an application for a similar scheme was to be submitted, it is likely that the Local Authority would grant Planning Permission again.

Outline Planning Permission was also granted in 2004 for the erection of a new public house/restaurant including new vehicular access, reference IP/04/01005/OUT.

Method of Sale
The property is being sold by private treaty at offers in excess of £400,000 with full vacant possession for the freehold interest.

LOCATION

Location: Island Site, Greyfriars Road, Ipswich IP1 1UP

Ipswich (0.4 miles)

Derby Road (1.3 miles)

Westerfield (2.0 miles)

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