residential flat development site

About The Property

Summary

Residential flat development site with planning for 53 units

• Site area of approximately 1.1 acres (0.446 ha)
• Popular and well serviced village
• Excellent communications to Bury St Edmunds, Cambridge & Ipswich
• No affordable housing contributions
• No CIL contributions
• Offers sought on an unconditional basis

Location

Thurston is a popular and well served village located approximately five miles east of Bury St Edmunds and with a resident population of 3,300 (Census 2011). It is well connected being situated only two miles north of Junctions 45 and 46 of the A14 and having its own railway station. The subject site is conveniently situated on Station Hill, within close proximity to the railway station and immediately adjacent to the Co-Op convenience store and other local amenities.

Description

The first phase has been successfully developed by the Vendor and comprises six ground floor retail units, all let and anchored by the Co-Op, and nine first floor flats. The second phase and subject site, comprises three blocks of residential flats (E, F & G) with associated parking, circulation and landscaping areas. A total of 53 units are provided within the three blocks, each of which are arranged over four floors.

The Vendor will be retaining the land associated with Block D and existing workshop in order to develop further retail units and associated car parking.

There are no affordable housing or CIL contributions required under the current planning consent.

Planning

Planning was granted at Appeal on 19 May 2015 under the following appeal References:
Appeal A - APP/W3520/A/14/2223510
Relating to application Ref 2613/11 dated 29 January 2011.
Appeal B - APP/W350/A/14/2226787
Relating to application Ref 3181/13 dated 29 October 2013.
The permission is subject to a number of conditions, the majority of which are considered standard and a number have already been approved (details available on request). Planning has been implemented under the first phase of development. Full planning information can be found in the Dataroom.

Tenure

Freehold, with no occupational tenancies.
The adjoining site is subject to one occupational tenancy of part of the site for a telecommunications mast. The tenant has received a Tomlin Order dated 28 July 2020 ordering them to exit the site and provide vacant possession by no later than 23:59 on 30 June 2021.

Tender Process

The site is being offered for sale by informal tender. Offers will be invited for the freehold interest on an unconditional basis by close of business on Friday 18 December 2020.