The property is a 0.25-acre waterside development site located in the sought-after Waterfront area, close to the town centre. The site currently has a planning consent for a large individual detached dwelling, but it is deemed suitable for alternative schemes, including a block of flats. A previous planning application (now lapsed) proposed the construction of nine residential units, including eight flats and one "executive residence", along with parking and cycle storage. The site is now clear, and archaeological digs and contamination reports have been obtained. Offers are being sought for the freehold interest in the property.