King’s Road, Bury St. Edmunds

5a King's Road,Bury St. Edmunds,Suffolk,IP33 3DE
Sold
  • Price
    £900,000

KEY FEATURES

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  • Exciting opportunity to purchase a prime residential development opportunity in the town centre of Bury St. Edmunds, Suffolk
  • 0.07 hectare (0.17 acre) site occupied by a dwelling and retail unit
  • Potential for higher density development based on lapsed 19 unit scheme, subject to the necessary planning consents
  • Planning permission granted for redevelopment for a high-end residential scheme
  • Total GIA of 568.8 sq m (6118 sq ft)
  • The site is free of affordable housing, S106 and CIL contributions
  • 50 metres from Waitrose and Debenhams complementing the vibrant Arc neighbourhood
  • **Plan adjusted for Elevator now ascending direct to top floor Pent House**

PROPERTY SUMMARY

A PRIME RESIDENTIAL DEVELOPMENT OPPORTUNITY IN THE HEART OF BURY ST. EDMUNDS

SITE:
The site extends to 0.07 hectare (0.17 acre) and comprises a dwelling and retail unit. The site has vehicular access directly opposite the junction with Prospect Row, which leads to Debenhams and the Cattle Market public car park. The yard is located to the rear of another shop in King’s Road (5b) and has a common boundary with Waitrose car park to the south. To the east and west of the application site are residential properties. The site is situated in the Housing Settlement Boundary and the designated Town Centre for Bury St. Edmunds.

LOCATION:
Bury St. Edmunds is an affluent and vibrant market town located within the county of Suffolk, some 28 miles east of Cambridge and approximately 80 miles north east of London. The town has a population in excess of 40,000 and a catchment population of over 260,000 people (2011 census).

The site is in a prominent and highly sustainable location with excellent access to existing services and facilities.

The landmark Arc is the town’s modern retail outlet with its futuristic flagship Debenhams and is a popular shopping destination. All major food stores are well-represented, including the adjacent Waitrose. There is an award-winning twice-weekly market in addition to a variety of eateries, places to stay and attractions: St. Edmundsbury Cathedral and the ancient Abbey situated at its core.

There is plenty on offer to keep families entertained and top tier public and private sector schooling. The Apex Arts Centre is a state-of-the-art live entertainment venue which hosts exhibitions and events. Other amenities include a range of health clubs, swimming pools and leisure facilities with a number of interesting golf courses nearby, sailing and water sports on the River Orwell and an outstanding 50 mile (80 km) heritage coastline and an Area of Outstanding Natural Beauty encompassing Aldeburgh and Southwold.

Nearby is the Headquarters of British Horseracing, Newmarket, and the world-class University City of Cambridge with its wealth of employment opportunities.

CONNECTIVITY:
The site benefits from excellent transport links offering easy access around Bury St. Edmunds town centre and beyond.

> Minutes from bus and rail station by foot.
> Bury St. Edmunds rail station offers regular Greater Anglia services to Cambridge and Ipswich and provides mainline services to London’s Liverpool Street and King’s Cross stations.
> The A14 gives fast access to the east coast ports, Ipswich, Cambridge, the Midlands and to south west Stansted (75 kilometres / 47miles) and Cambridge Airports, as well as London and to the north east Norwich via the A11/M11.

PLANNING:
Potential for higher density development based on lapsed 19 unit scheme, subject to the necessary planning consents.

The site is located within St. Edmundsbury Borough Council. Planning permission (Ref: DC/14/2253/FUL) was granted on 30th November 2018 for: "(i) Three storey apartment blocks consisting of 9 no units (2 no 1 bed and 7 no 2 bed) (following demolition of existing building) and (ii) alterations to existing accesses".

Consent is given for the redevelopment of the site to provide two blocks of apartments; one at the front of King's Road and one to the rear, with parking facilities in the yard between them, providing 7 allocated parking spaces, two parking spaces for powered two wheelers (PTW) and 9 secure cycle storage pods, each sufficient for two bikes. The building at the front (units 1-4) is staggered with a two-storey element, a central 2 ½ storey element and an under croft with rooms in the slate roof, which gives access to the parking and apartments at the rear. Materials to reflect the more traditional character of the properties fronting onto King’s Road. The block at the rear (units 5-9) is of a contemporary design, three storeys in height with a series of balconies; two storeys in a mix of brickwork with a seam zinc roof top, windows and doors in a complementing anthracite colour, a bio diverse green roof and a steel cabling system to soften the prominent rear south elevation.

GENERAL INFORMATION:

METHOD OF SALE
The property is for sale freehold by way of private treaty with vacant possession upon completion.

SERVICES
We understand that mains water, drainage and electricity area already servicing the site. NB. None of these services have been tested by the agent.

LOCAL AUTHORITY
St. Edmundsbury District Council

VIEWING ARRANGEMENTS
The site can be inspected from the public highway. If you require access to inspect the existing buildings please contact the sole selling agents to make an appointment.

CONTACT
For further information please contact James Sawyer at Whatley Lane

DIRECTIONS (IP33 3DJ):
From London/Cambridge (by car) exit the M11 at Junction 9 and take the A11 towards Newmarket. Continue on the A14 towards Bury St. Edmunds. Exit the A14 at Junction 44, signposted 'Bury St. Edmunds West'. Take the A134 and follow signposts to the town centre, at the forth roundabout head north onto A1302 until reaching Parkway and circle back for exit to Waitrose. Follow the road into St. Andrews Street heading north, turning left into King’s Road passing the futuristic designed Debenhams store on your right, 5a King’s Road is 15 metres on the left hand side marked by our For Sale board.