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Description The site extends to approximately 0.09 acres (0.036 hectares) and has been cleared by the vendors. Positioned in the heart of Milton Keynes fronting the main pedestrian access to the Hub development in Milton Keynes, offering a wide array of well known bars, restaurants and lifestyle venues. The site benefits from outline planning permission for 44-unit aparthotel with a gia of 2,811 sq m (c. 64 sq m per unit). Award winning architects Sursham Tomkins have designed an indicative residential scheme of 39 apartments to demonstrate the sites undoubted potential. The site presents an excellent opportunity to develop a comprehensive residential scheme in an increasingly popular location with end sales values at an attractive price point for owner occupiers and investors.
Location The site is located on South Fifth Street which lies adjacent to Avebury Boulevard, one of the key routes that forms the main grid road system in the town centre. Avebury Boulevard runs south-west to north east and connects the central railway station to Campbell Park.
The site occupies a central position in the town centre, immediately adjacent to The Hub which provides a wide array of shops, cafes and department stores, making it a perfect place to live, work and play.
Milton Keynes has emerged as a growth hotspots in the South East due to its improved connectivity to wider regions. House prices across the town have grown by 39% over the past ten years (land registry).
Planning The site falls within the jurisdiction of Milton Keynes Council. Outline planning consent has been granted for a 44-unit Aparthotel (C3) over ground and nine upper floors as part of the wider planning consent. The consented gia is 2,811 sq m although the size of apartments which range from 36 sq m to 44.5 sq m are considered large in comparison with many other UK provincial city Aparthotel developments.
Award winning architects Sursham Tomkins have designed an alternative residential scheme comprising 39 one and two bedroom apartments. The scheme has been designed to adopt the consented scale and massing within the apart hotel consent and provides residents with private amenity space, cycle storage and a communal roof terrace.
The site is not in a Conservation area and is not in proximity to any listed buildings.
Accomodation Available The site extends to 0.09 acres (0.036 hectares) and has been cleared by the previous owners.
For more information about this property, please contact Bray Fox Smith, W1S on +44 20 8022 5481 * (local rate)
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