Substantial freehold plot with outline consent for 42 flats and commercial ground floor.
Outline permission for 42 apartments and ground-floor commercial space
Includes demolition of an existing 500m2 vacant warehouse on site
Huge freehold plot offering flexible layout and density potential
Sold unconditional at online auction — 10% deposit and buyer fees apply
Permission is outline; reserved matters and conditions still required
High local crime score; consider security and insurance costs
Good transport links and nearby amenities support rental demand
Average broadband, excellent mobile signal; mixed local school ratings
A rare development parcel in Colchester offered with outline planning permission for up to 42 apartments (22 one-bed, 20 two-bed), ground-floor commercial space and public open space. The site includes a vacant 500m2 warehouse earmarked for demolition under the permission, presenting immediate scope for a mid-sized residential-led scheme in an up-and-coming area. Its large plot size provides flexibility in layout and design for a developer or investor seeking scale.
This lot will be sold at online auction with unconditional terms: 10% deposit on exchange, a buyer’s administration fee, and completion typically required 28 days after the sale. Because the permission is outline, detailed design, reserved matters and any planning conditions will need addressing before construction—suitable for buyers comfortable with the planning and delivery process. There are also typical auction purchase fees; review the legal pack closely.
Location strengths include excellent mobile signal, reasonable broadband, nearby transport links and an area with existing apartment developments, supporting rental and sales demand. Local amenities range from supermarkets and cafes to train links and leisure facilities. Notable negatives are a high local crime score and mixed nearby school ratings; these factors should be factored into operating assumptions or sales marketing.
This offering suits experienced developers, investor-developers or partnerships wanting a substantial freehold plot with demonstrable planning potential. It’s a strategic opportunity for a buyer able to progress reserved matters, address site remediation/demolition, and manage scheme delivery to capitalise on Colchester’s residential demand.
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