Property SummaryA freehold permitted development opportunity in a prime location.
- PERMIITED DEVELOPMENT OPPORTUNITY
- PRIME TOWN CENTRE LOCATION
- CONSENT GRANTED FOR CONVERSION
- AMOUNTING TO C12,000 SQ FT
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The current building is a modern four storey office building with lift access and under croft access to four parking spaces at the rear. There is an additional five parking spaces at the front of the building.
Permitted development consent granted by Bedford Borough Council to convert to residential use with only a three year time frame condition. Residential accommodation amounting to c12,000 sq ft GIA comprising 23 apartments (19 x one bed, 3 x two bed & 1 x studio). See the attached schedule and consented drawings.
May have potential to create further accommodation by adding a further storey (STPP). Any additional accommodation created will be subject to an uplift clause on an agreed pro rata basis. Vacant possession will be subject to termination of existing leases with an agreed longstop completion date.
No requirement for affordable housing.
The planning consent is CIL liable, but as the building has been in an active lawful use for a continuous period of at least 6 months in the previous 36 months prior to the granting of the consent, there should be no CIL payable.
Contact Compass Land & Development to discuss further on 01234 351577.
Compass Land & Development for themselves, and for the vendors of the land, whose agents they are, give notice that; (A) These particulars are produced in good faith, but are set out as a general guide only and do not constitute any part of a contract; (B) No person in the employment of Compass Land and Development has any authority to make or give any representation or warranty what so ever to the land AUGUST 2018. These details are presented subject to Contract and without prejudice.