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March - Freehold Land with Development Opportunity

For sale: £825,000.00|0.18 Acres|Retail, Mixed use, Land, Residential Land, Other Property Types & Opportunities, Commercial Land, Residential

Property details

FOR SALE£825,000.00
SIZE0.18 Acres
ADDRESS15 Station Road, March, Cambridgeshire, PE15 8LB
TYPERetail, Mixed use, Land, Residential Land, Other Property Types & Opportunities, Commercial Land, Residential
TENUREDevelopment Opportunity, For Sale Freehold
POSTED ON13th September 2022

Description

Investment Consideration:
VAT is NOT applicable to this property
Comprises vacant plot of land (0.18 acres)
Planning approved for erection of a mixed-use block comprising 3 Retail Units and 24 Residential Flats
The development would provide communal courtyard with bike storage and 12 parking spaces
Town centre location, adjacent to Sainsbury`s Superstore with occupiers nearby including Tesco, Boots, Costa Coffee, Lloyds Bank, Greggs and more.

Property Description:
The property comprises plot of land (0.18 acres), located in the heart of the town centre. Planning approved for erection of a part 2-storey, part 3-storey and part 4-storey building, comprising 3 x Retail Units and 24 Residential Flats, (14 x 1-Bed, 7 x 2-Bed and 3-Studios) including communal courtyard with bike storage and 12 car parking spaces, providing the following accommodation and dimensions:
Ground Floor:
3 Retail Units: 96.00 sq m (1,041 sq ft)
2 x 1-Bed and 1 x 2-Bed Flats: 167.55 sq m (1,803 sq ft)
First Floor:
5 x 1-Bed, 2 x 2-Bed and 1 x Studio: 420.83 sq m (4.529 sq ft)
Second Floor:
5 x 1-Bed, 2 x 2-Bed and 1 x Studio: 420.83 sq m (4.529 sq ft)
Third Floor:
2 x 1-Bed, 2 x 2-Bed and 1 x Studio: 268.35 sq m (2,888 sq ft)
Total Residential NIA: 1,277 sq m (13,749 sq ft)
Total Retail NIA: 96 sq m (1,041 sq ft)

Location:
March is a Fenland market town and civil parish in the Isle of Ely area of Cambridgeshire, England. The town now has a western bypass to take the A141 and some of the traffic away from the town centre. The B1099 and B1101 pass through the town. The town was an important railway centre, with a major junction between the Great Eastern Railway and Great Northern Railway at March railway station. The station is 87 mi (140 km) from London by rail, 32 mi (51 km) north of Cambridge, 16 mi (26 km) north west of Ely and 9 mi (14 km) south of Wisbech. The property is situated in the town centre, adjacent to Sainsbury`s Superstore with occupiers nearby including Tesco, Boots, Costa Coffee, Lloyds Bank, Greggs and more.

Location

marker
Location: 15 Station Road, March, Cambridgeshire, PE15 8LB

March (0.6 miles)

Manea (5.3 miles)

Whittlesea (8.9 miles)

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