Property Summary

A freehold permitted development opportunity in a prime location.

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Full Details

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.

Map & Nearby

Location Summary

Whilst Castle Ward is commonly referred to as the Castle Road area it does span most of the town centre through to the train station, down towards Rope Walk with Goldington Road to the North.

The Ward is named after the Castle (now the Castle Mound) that was destroyed under the reign of King Henry 3rd in 1224.

It is also where John Bunyan wrote The Pilgrim’s Progress whilst imprisoned in Bedford Gaol in 1660. Home to museums, churches, The Corn Exchange, theatres, cafes, pubs and bars there is a lot to explore in the Ward, not least the Great River Ouse and the Embankment which leads towards Russell Park.

Bedford’s town centre with the Harpur Centre and surround housing the main shopping area, includes Boots, Debenhams, Next, Primark, TK Maxx, Waterstones and a wide range of independents.

New development Riverside North has added a Cinema and various restaurants and bars including Wagamama’s and Zizzi’s.

Sitting amongst these are the central post office, bus station, train station, library, court and police station. And just south of the river sits Bedford Borough Hall (Council Offices situated here) and Bedford College.

With Bedford College offering further education, the ward has Priory Primary School and Castle Newnham School which spans from 4-16 years across its 2 sites.

Independent Bedford Girls School to the south of the river is part of the Harpur Trust and Bedford Free School opened in 2012 offering mixed secondary education.

Newnham to the east of Castle Ward houses the western side of Castle Road and Bedford’s Priory Country Park and Marina along with (soon to be redeveloped) Aspects complex with Cinema and Gym.

Opposite Aspects you can see Bedford International Athletics Stadium an official training site for the 2012 Olympics (Paula Radcliffe has trained there) and host to a variety of activities within its indoor and outdoor premises.

Within the Riverfield Drive Estate there is a large Tesco, Waitrose and Lidl and whilst there are no schools in the Ward, children attend nearby schools in Goldington or Castle.