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12
ref: 23797

RESIDENTIAL DEVELOPMENT LAND IPSWICH - AT EUROPA ROAD, IPSWICH, SUFFOLK IP1 5DL

Available
Marketing
Price
£2,000,000 (€2,281,000 approx)
Location
Land at, Europa Way, Ipswich, IP1 5DL
Property Type
Development Opportunity
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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



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Outline planning permission for 94 dwellings (34 flats and 60 houses) – Application Reference: IP/13/00943/OUT
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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).
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1 mile from Ipswich Station to the South East – Trains to London Liverpool Street and journey times of approx.1hr 10 mins.
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Offers are invited via Informal Tender with a Guide Price of £2m – requested in an Unconditional Format.

BID DATE


Offers Invited Private Treaty


Misrepresentation Act
Colliers International gives notice that these particulars are set out as a general outline only for the guidance of intending Purchasers or Lessees and do not constitute any part of an offer or contract. Details are given without any responsibility and any intending Purchasers, Lessees or Third Party should not rely on them as statements or representations of fact, but must satisfy themselves by inspection or otherwise as to the correctness of each of them. No person in the employment of Colliers International has any authority to make any representation or warranty whatsoever in relation to this property. 22/02/2019

Colliers International is the licensed trading name of Colliers International Property Advisers UK LLP which is a limited liability partnership registered in England and Wales with registered number OC385143. Our registered office is at 50 George Street, London W1U 7GA.

Copyright (c) 2019 Colliers International Property Consultants Limited. Company registered in England & Wales no. 7996509.
Registered office: 50 George Street, London W1U 7GA  Tel: +44 20 7935 4499