- Sale Price £500,000
- Development Land (Commercial),Land
- 5 Acres
- (20,234 sqm)
- 5 Acres
- (20,234 sqm)
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- Development Land (Commercial)
Five acre development site adjacent to A140 Outline planning permission for 1,635sqm / 17,600sqft of Class B1(a) starter units Location: The site is located on the A140 (Norwich-Ipswich) approximately three miles south-west of Diss and one mile south of the A143 (Bury St Edmunds-Lowestoft). Diss is on the rail line into London Liverpool Street. Directions: Travelling south on the A140 from Diss turn left onto the B1077 signposted Eye. The site is immediately on the right just past the Cornwallis Hotel. Description: A level, triangular plot of land of 5.0 acres (subject to survey) adjacent to the A140. The site is currently undeveloped but has a bellmouth entrance from the B1077 and a mature tree belt to the south, screening it from residential properties. Planning: Outline planning permission has been granted by Mid Suffolk District Council for 1,635sqm / 17,600sqft of Class B1(a) starter units. The planning application proposed five buildings, each with 9m / 30’ eaves height, divided as follows: 8 x 2-bay units (10m x 12m) @ 116sqm / 1,250sqft 4 x 3-bay units (10m x 12m) @ 176sqm / 1,895sqft Services: We understand mains water, electricity, gas, foul drainage and broadband are available in the area. Local Authority: Mid Suffolk District Council VAT: The Vendor has not made an election to charge VAT on property sales. Tenure: Freehold with vacant possession on completion. Method of Sale: Offers are invited for the freehold of the property by private treaty. Overage Provision: The property is offered subject to a 15 year overage provision for 40% of the uplift in value in the event that planning permission for residential use is granted. Viewing: The site is open for inspection during daylight hours with the sale particulars in hand.
TW Gaze, 10 Market Hill, Diss, Norfolk IP22 4WJ Contact: Oliver Chapman MRICS Telephone: 01379 650468 Email: comm@twgaze.co.uk Contact: Peter Webster FRICS Telephone: 01379 650550 Email: p.webster@twgaze.co.uk Joint Agents: Lacy Scott & Knight, 10 Risbygate Street, Bury St Edmunds, Suffolk IP33 3AA Contact: Rowland Beaney Telephone: 01284 748602 Email: rbeaney@lsk.co.uk
Property reference: TWsa999002463
