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Land for sale
Bicester Bodyshop, London Road, Bicester, OX26 6BY
£1,250,000
Bicester Bodyshop, London Road, Bicester, OX26 6BY
£1,250,000
Our Summary
- It is a corner plot with good access and visibility which is ideal for redevelopment purposes
- There is currently a railway crossing for vehicles located to the rear of the development, which is set to be closed and a public footbridge to be erected which will ease any potential traffic noise or disruptions
- The site was previously granted planning permission back in 2019 (18/02243/AD) to redevelop the site and erect a 3-storey block of flats, with a mix of 17 x 1- & 2-bedroom residential properties and 13 parking spaces
- The planning expired in 2022, and we believe there is a strong opportunity to resubmit the previously accepted planning permission and to see through the building of residential flats
- There is potential to look at submitting an application for additional flats above the 17 previously approved, STPP
- Development Potential
Description
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Here is a summarized version of the property description in a single paragraph without a list:
The property is a large one-storey building on a corner plot in Bicester, Oxfordshire, with a total internal space of approximately 5,000 sqft and a gross internal area of over 11,000 sqft. The site has planning permission to redevelop the property into a 3-storey block of flats, with a mix of 1- and 2-bedroom residential properties and 13 parking spaces. The property is located in a prime spot near Bicester Village, a luxury outlet shopping destination, and has excellent transport connections to London and Oxford. The redevelopment has the potential to generate a gross development value of over £4m, with the possibility of increasing the number of flats and realizing a higher value. The property is being sold freehold, with all offers invited on an unconditional basis.