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Plot for sale
Eastern Road, Bracknell
£4,500,000
Eastern Road, Bracknell
£4,500,000
Our Summary
- AUCTION - Wednesday 28 February 2024 - 9:00am, unless sold prior
- The sellers have paid all the preplanning requirements and therefore this scheme can be commenced immediately
- "Freehold development site"Planning permission granted for a contemporary 60 apartment scheme"No onsite affordable"Central location less than half a mile from the town centre"Possible SPV sale subject to agreement"38 x 2 bed and 22 x 1 bed apartments"Proposed GIA 42,211 sq ft (3,921 sq m)"VacantProposed accommodation:38 x 2 bedroom apartments each with en-suite facilities off the principal bedroom
- Total Gross Internal Area 42,211 sq ft (3,921 sq m)PlanningPlanning permission has been granted by Bracknell Forest Council (ref 16/00626/FUL 22nd June 2016) for the redevelopment of the site to provide 60 residential units within a part-three, four and five storey building (plus basement car parking) with associated amenity space, landscaping, car parking, refuse stores and foot/cycle path link
Description
The property is a consented scheme consisting of 60 residential units in an eye-catching designed building, with a selection of 1 and 2 bedroom units, all with direct outside space and no onsite affordable housing. The units include 38 2 bedroom apartments with en-suite facilities off the principal bedroom, and 22 1 bedroom apartments. The property has planning permission for a contemporary 60-apartment scheme and is located in a central location within half a mile of the town centre. The seller may consider a sale of the company rather than just the asset, and interested parties should note that the property is held in an SPV.