DESCRIPTION

Colliers International are delighted to bring to the market - Land at Europa Road, an exciting residential development opportunity, adjacent to an established residential area and only 1 mile from well-connected train routes to London.

The site is located approximately 1 mile from Ipswich town centre which services The City of London every 30 minutes. The property is located close to the A14 and the A12 providing fast links to Bury St Edmunds to the north west and London to the south west. Bus routes from the site also provides quick access from the property’s location into Ipswich town centre. Bus routes connect the site conveniently with Ipswich town centre. Buses depart from Adair Road, a short distance to the north, approximately every ten minutes, and run directly into the town centre with journey times between 20-30 minutes depending on the service. The property has proximity to convenient local shopping amenities with Morrisons supermarket directly to the south east at the junction of Europa Way and Sproughton Road.

The property has an outline planning permission for 94 units, this consent is made up of 34 flats and 60 houses. A section 106 agreement has been made with the local authority outlining the agreed affordable housing allocation of two shared ownership units and seven affordable rent units and a payment of £279,809. The property forms a rough ‘L-shape’ and is approximately 5.13 acres in size. It has a largely flat topography and currently consists of scrubland with a concrete hardstanding pad in the centre; this was formally the foundations of the previous use on the site.

KEY FEATURES

Outline planning permission for 94 dwellings (34 flats and 60 houses) – Application Reference: IP/13/00943/OUT

Section 106 – Payment of £279,809 and the provision of two shared ownership units (1x1 bed flat, 1 x 2 bed flat) with seven affordable rent units (5 x 1 bed flats, 1 x 2 bed flats, 1 x 2 bed house).

1 mile from Ipswich Station to the South East – Trains to London Liverpool Street and journey times of approx.1hr 10 mins.

Offers are invited via Informal Tender with a Guide Price of £2m – requested in an Unconditional Format.

BID DATE

Offers Invited Private Treaty