Summary - Eastern Road, Bracknell RG12 2UP
1 bed 1 bath Residential Development
Consented 60‑unit freehold development in central Bracknell with immediate start potential and extensive parking..
Planning granted for 60 apartments; lawful development certificate confirmed
Freehold site with immediate start potential; sellers met pre-planning requirements
Proposed mix: 38 x 2-bed (all en-suite) and 22 x 1-bed units
64 onsite parking spaces including underground basement parking
Each flat benefits from direct outside space; GIA c.42,211 sq ft
Large centrally located plot, under 0.5 mile to town centre
Property held in SPV; ~£3m trading losses may be available to purchaser
Above-average local crime rates; factor security/management costs
A ready-to-go freehold development site in central Bracknell, consented for a contemporary 60‑apartment building (part three-to-five storeys) with basement parking. Planning permission (ref 16/00626/FUL) was granted in June 2016 and a certificate of lawful use was issued 18 January 2023 confirming implementation — the scheme can be commenced immediately. The proposed mix is 38 two-bed (all with en-suites) and 22 one-bed apartments, each with direct outside space, and a proposed GIA of 42,211 sq ft (3,921 sq m).
The scheme includes extensive onsite parking (64 spaces, including underground), resident amenity space, landscaping and foot/cycle links. The plot is large and centrally located less than half a mile from Bracknell town centre, with fast broadband and excellent mobile signal — practical for buyers, renters and commuting professionals. Local schools include several rated Good and Outstanding, supporting family demand in the area.
Notable commercial factors: the property is held in an SPV and a company sale is possible; there are reported trading losses of around £3,000,000 within the SPV which a purchaser could potentially utilise subject to due diligence and tax advice. There is no onsite affordable housing within the consented scheme, which may affect funding or planning considerations for some buyers.
Practical cautions: the immediate neighbourhood records above-average crime levels, and some buyers may need to factor enhanced security measures and management costs into operating budgets. Council tax banding is not provided. Overall, the site offers immediate delivery potential for a modern apartment scheme in a well-connected town-centre location, suited to a developer or investor able to progress an SPV or land transaction swiftly.
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